Colby Wartman
Cost Segregation Study Experience
8 July 2024 | 6 replies
What a cost segregation study does is it analyzes a property and breaks out the depreciable basis of the property to more than just building and land.It will try to identify assets that are eligible for 5, 7 or 15 year asset lifes which would be eligible for bonus depreciation.Whether a cost segregation study will help you depends on your tax situation.High level, it will help you in two situations1) Your rental property is active and you can offset the losses against other forms of income.2) You have a lot of passive income and you want to increase your passive losses to offset your passive income.Best of luck
Jay Hinrichs
where on this site do you find the old pod casts ?
7 July 2024 | 9 replies
I might have found it. https://www.biggerpockets.com/blog/category/biggerpockets-po...At the bottom you can jump forward and back multiple pages at once.
Kyle Aho
Takeover existing Land-Contract and create 2nd Land contract
8 July 2024 | 4 replies
Another bonus - the lease payments they'd receive prior are taxed at a lower rate than interest.
Kyle McShea
Seeking Charleston REI Tips: House Hacking & Investment Insights
8 July 2024 | 6 replies
A property I am putting an offer on tomorrow has an upstairs section I conservatively think I can get $1500 for (master bedroom + small bedroom OR bonus room for office), then two bedrooms downstairs for $1,000 each.
Anna Kay
Looking to buy first investment property
7 July 2024 | 1 reply
Find the appropriate forum category and read what others have posted or ask your own questions.
Tyler Gilpin
Keeping track of portfolio financials
8 July 2024 | 20 replies
I can see reports by property and also includes real estate categories like loan payments for cash flow.
Andrew Steffens
Any experience including Golf Carts?
7 July 2024 | 14 replies
Golf carts kinda fall into that category of bikes, kayaks and boats.I did a quick search and there are plenty of insurers that offer golf cart liability insurance. https://www.insurance.com/other-insurance/golf-cart-insuranc...It seems to be pretty cheap.
Kyle Kipka
Expenses across multiple properties
3 July 2024 | 9 replies
You may group such expenses into a single category under "Other expenses."
Lynn Funna
House Swap Idea
5 July 2024 | 2 replies
My family of 6 live and own in a ranch style 3br/2.5ba house with completed bonus room upstairs in a HOA neighboorhood.
Elvin Luccon
Which company to use for DSCR loan?
5 July 2024 | 3 replies
So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.