Ryan Daulton
Mid-term rental pricing
29 December 2024 | 16 replies
I found that it is highly dependent on location and secondarily on time of year.
Jack B.
What are the rules for evicting ABNB guests?
18 December 2024 | 6 replies
He has paid dependably, but last night he read my message and has not responded to the renewal.
Sam Dunlop
Purchasing a fix and flip in flood zone
19 December 2024 | 8 replies
It depends so much on the type of Reno you do.
Chris Lu
New BP member looking for STR budget feedback!
22 December 2024 | 5 replies
Depending on your goals, budget somewhere around $3k-$5k per room.
Dean Malka
Rehab costs estimations
18 December 2024 | 11 replies
looking to accurate my rehab costs calculator, specifically in the Pittsburgh area.Of course, It varies from one investor to another, depending on the quality, standard, size, condition, and team.I am looking to get a range or see how much you pay for each remodeling. 1) what's your range for remodeling a kitchen completely (granit, backsplash, tiles, etc)?
Melanie Baldridge
Bonus depreciation ?
16 December 2024 | 0 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.
Jen Hoang
1031 Exchange advice
20 December 2024 | 8 replies
In a market like KC your $300,000 would get you a $1.2mm purcahse which would be 10-15 units depending on the class and location (could be a bit more or a bit less).
Angelo Llamas
Tax breaks for a rental breaking even
19 December 2024 | 12 replies
Not a silly question at all but the answer depends on a few factors.
Colton Bridges
How to refi out of hard money loan/multi unit
21 December 2024 | 24 replies
That question depends on if you have enough other income to qualify.
Ryan Cousins
San Diego - Where to look?
19 December 2024 | 22 replies
I can suggest some other areas as well depending on where you guys are looking.