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24 September 2024 | 3 replies
I have had some success going through someone named Kim Butler in my local OKC market, and she is usually able to shop multiple insurance companies when I run into a more unique scenario such as multi-unit properties.
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23 September 2024 | 11 replies
It will come, but you will likely have to drive for shopping, eating, activities.
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24 September 2024 | 0 replies
Example - I purchased an automotive shop with all the equipment intact at a bankruptcy auction for $117,000.
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23 September 2024 | 6 replies
Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.
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26 September 2024 | 12 replies
They could still be shopping around thinking they can just change their mind if they find something better while leaving you completely in the dark.
23 September 2024 | 6 replies
Brokers are able to shop all of insurance providers and find you the best deal!
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26 September 2024 | 32 replies
Buying real estate is not like shopping at Kroger because you cant negotiate with the cashier but you can negotiate real estate with a seller anytime!
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23 September 2024 | 1 reply
I hope to connect with people in the community, learn how to shop investments, find markets, and all things CRE.
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26 September 2024 | 17 replies
In my area it's a mix of boutique local commercial shops and the big national players.