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17 April 2018 | 9 replies
Couple that with the fact that you're getting hit with recapture when you sell whether you take the depreciation or not and it should be clear that you should take it.Alternatively you could not take it and file Form 3115 in the future to catch up on missed depreciation, but that'll cost you a pretty penny to have a professional fill it out for you and likely not be worth the difference from jumping a bracket unless it's a high value property and you'd pair that with accelerated depreciation which doesn't seem to be the case here.
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5 April 2021 | 9 replies
Or would having an LLC on title negate the VA loan/accelerate or have a due on transfer clause?
28 April 2018 | 25 replies
Getting rid of most or all of that debt may accelerate your credit repair.But still, keep a little cash on hand, so you can handle an unexpected expense.
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13 May 2018 | 2 replies
This will really accelerate your savings, and get you to doing your next deal even quicker.
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21 May 2018 | 15 replies
Leverage is part of the strategy to get to my desired number of doors on the front end, but I do plan to accelerate payoffs on the back end with the goal of holding a majority, free-and-clear portfolio going into "retirement" .
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30 May 2018 | 33 replies
My learning curve really accelerated after joining BP.
11 June 2018 | 3 replies
The truth is there would be assets that would qualify for accelerated depreciation over 5 years (possibly though unlikely 7 year or 15 year too) in there as well, but figuring out what qualifies is complicated.
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18 March 2018 | 23 replies
You have to read the note to know for sure, if there is an acceleration clause in the note for title transfers etc then you will be out of luck and they will call the note due and payable upon notice.
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21 February 2018 | 3 replies
I've been thinking of creative ways to partner up as I think it's a great way to accelerate growth in my RE portfolio.
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21 February 2018 | 7 replies
There is a learning curve to this process and the bigger the deal the more acceleration you have.