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3 November 2024 | 21 replies
What do you want to do?
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30 October 2024 | 16 replies
Welcome to the community Kerron!
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31 October 2024 | 12 replies
Today, that number is $500-$600/door on average.
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31 October 2024 | 5 replies
I have not been able to get ahold of him in the past few weeks and he has made no effort to reach out to me with a plan to pay his past due rent.
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26 November 2024 | 2 replies
Quote from @Ariel Rivas: I don't know your market specifically, but it's typically cheaper to purchase those items at Home Depot or Lowe's.
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26 November 2024 | 1 reply
I'm currently flipping and have found a person looking to sell two properties that are both within an opportunity zone in CT.
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29 October 2024 | 0 replies
A cost segregation study was performed on this residential condo in Herndon, VA purchased in 2017 with a depreciable cost basis of $151,518.
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25 November 2024 | 22 replies
And it is very inexpensive to use.
26 November 2024 | 1 reply
Quote from @Ray Watkins: What is the best way to finance a newly built, entirely new home on a property?
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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.