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7 October 2024 | 3 replies
Two wage earners are going to have an easier time making rent than a family where there is only one paycheck, depending on how high such paychecks are, and in both cases you would look at the total household income.Stick to your guns on what you said you wanted, but when you are not in the heat of the situation reevaluate your standards to make sure they are still serving you well.
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10 October 2024 | 8 replies
I would like to get them off my back until I decide to rent or end up selling the property.
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9 October 2024 | 8 replies
This sounds like you have an existing, and I assume, successful practice in place.
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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9 October 2024 | 2 replies
I would like to create an offer that would let me delay creating a mortgage and some type of annual or semi-annual payment for 3 years.
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9 October 2024 | 12 replies
It’s likely a waste of everyone’s time to request it if seller is not offering it.
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10 October 2024 | 1 reply
I'm Darren Haddock, a passionate upcoming real estate investor with a keen eye for promising deals and a drive to collaborate with like-minded investors.
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10 October 2024 | 9 replies
I would like to enventually use it towards real estate investing first purchase downpayment, once that opportunity arrises.
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9 October 2024 | 1 reply
I'm seeking for someone who has experince in investing in different kinds of rental properties; cash out and refinance; growing a portfolio; someone who who likes to help and is good at listening.