Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
You are sum total of the people you surround yourself with.I am a Tardus paying client, none of us that recently posted get any sort of kickback or referral fee for talking about our experiences on BP (although I do believe there is a referral bonus if you refer a new client...but it is nominal enough that no one is trying to bring in new members soley for this bonus).
Brady Morgan
Securities Based Lending for Low Interest Rate
17 January 2025 | 19 replies
Another nice bonus of using this as a funding source is no closing costs, big help on the front end.Obviously, if all goes relatively well, the plan would be to hold these properties as rentals and refi at some point down the road when rates on mortgages drops back down a bit, whenever that may be.
Brenda Allen
Favorite Direct Mail List Providers?
17 December 2024 | 0 replies
Any stats you can provide would be a bonus.
Rud Sev
High level of taxes for syndication
20 December 2024 | 20 replies
I could not find the answer I'm looking for when searching.The following example could be used:- Amount invested $100k- Preferred return (5 years): 8% or $8k- Disposition (Sale) (Year 5): $200kThis simple example assumes no cash flow beyond the preferred return, no cost segregation/bonus segregation, and doesn't take depreciation into account.Would the first 5 years of cash flow (preferred return) not be taxed, and only the remaining amount on the disposition would be taxed (e.g. $200k - $100k + 5 * $8k = $140k)?
Tinia James
Made no profit this year should I still file taxes?
20 December 2024 | 9 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Derek Buehner
Tax deductions on a remodel for a future STR while living in it.
16 December 2024 | 8 replies
QIP can be bonus depreciated.To maximize deductions, consider waiting to make improvements until after the property is converted to a rental.
Brody Veilleux
“BRRRR” a primary residence
23 December 2024 | 24 replies
Bonus Tip: Find a distressed HUD Home (google Hud Home Store) and you can buy a house for just $100 down!
Travis Smock
Cost Segregation Questions - Newly Aquired Property
13 December 2024 | 7 replies
The main reason to do a cost seg study is to generate bonus depreciation, which creates passive losses.
Jonathan Cooper
Prorated depreciation for str
11 December 2024 | 16 replies
The good thing about bonus depreciation is that you can take the amount eligible for bonus depreciation in that given year.For example - if you place a $50,000 item under 5 Years MACRS on December 31st, it would be eligible for bonus depreciation which as of right is now 60%.
Francisco Ruiz
Snowshoe, WV - Condo or Home
16 December 2024 | 11 replies
Do you have any insight for me - I really just want to break even; profit would be a bonus.