Melanie Baldridge
Power of Bonus Dep.
26 November 2024 | 2 replies
Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.
Gerardo Elizondo
Helloooo and excited to network!!! (new member alert)
20 November 2024 | 9 replies
Welcome Gerardo, I host a meetup in the Mesa/Gilbert area.
Elton Tate
Purchased an Investment Property in Cornerstone Detroit
18 November 2024 | 9 replies
I had a bunch of people reaching out to book the place for a day or so to host parties.
Joshua Herrera
New and Looking to Get Into STR
21 November 2024 | 15 replies
If you’re in that cash position I mentioned above, then we might be a good fit to get on a call so I can show our process which is complete: 1) finding and buying the right property 2) creating a top product from that purchase with a world-class designer on my team 3) co-hosting/managing that property at a discount for clients to ensure you get more money and have a product that lasts.you can also follow me on IG @tampa.rei , I’m actually about to post a walkthrough of a property that was being managed by one of the most popular PMs in the country and in just 1 yr you’ll laugh to see what state the property is in from poor management!
Matt R.
Bitcoin is 10k again what are you going to do now?
5 December 2024 | 554 replies
And a lot of reasons why a whole host of other cryptocurrencies are good.
Charlie Krzysiak
Advice For After College (CONDO v.s. HOUSE)
27 November 2024 | 13 replies
Buy you a super cheap used RV and be their "host" /park manager as a part time gig.
Roosevelt Carter Jr
SMS Real estate Marketing
25 November 2024 | 12 replies
Hey all anyone know any good SMS Marketing sites or places to use.
Joe Casey
I am new and I want to learn more
28 November 2024 | 9 replies
Ask away. you have found a treasure site and if you follow much of the information here eventually, you will be prosperous.