Melanie Baldridge
It’s not what you make, it’s what you keep!
6 November 2024 | 0 replies
& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.
Philip Anderson
New Member Looking to invest in a Multi-family
14 November 2024 | 21 replies
For quick sale we are prepared to sell at the 1% rule of current rents and will consider owner financing with 20% down (30 year @ 7% w/ a balloon between 3-7 yrs).
Nevin Wilkie
Refinanced my first BRRRR but bank will not let me put it into an LLC
13 November 2024 | 18 replies
To be clear, I own my rentals in an LLC, but after 14 yrs as a landlord now, I have never once been sued.
Zigmunt Smigaj
Should you build your own duplex?
4 November 2024 | 2 replies
Most of my properties are older (15-30 yrs) and maintenance is becoming a creeping problem.
Cody Friedrich
House Hack Calculations
8 November 2024 | 9 replies
Buy and occupy for 2-3 years, improve it, and sell it tax free (up to $500k if you and your partner both OO for 2 yrs) so you can move onto the next one.Starting to think team house hacking might be the primary way for folks to make this model work nowadays.
Matt R.
Bitcoin is 10k again what are you going to do now?
5 December 2024 | 554 replies
You're waiting for the Olive Garden to accept Bitcoin directly which probably won't happen for at least a few yrs.
Carlos Ptriawan
Don't become passive investors
1 December 2024 | 91 replies
You need to be skeptical of track records that only cover the last 8 yrs.
Blaise Peterson
Career advice for my daughter
11 November 2024 | 14 replies
It is a board game that was created by Robert Kiyosaki about 30 yrs ago.
Benjamin B.
Small but growing rental investment LLC
6 November 2024 | 21 replies
Man, you’re killin' it already with 6 doors in 2 yrs—that's impressive!
David Maldonado
Getting a GC license as an Owner builder
2 November 2024 | 8 replies
The only verified experience I have over the last 10 yrs is 1 owner built ADU.