![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3137613/small_1730484607-avatar-jonp243.jpg?twic=v1/output=image&v=2)
12 November 2024 | 17 replies
You can do your business your way which has predominantly been telling everyone (through a lot of good posts, but also a lot of cut and paste posts) to do it the way you do it, which does work for some, but also does not work for many others because they don't put the work in.The reason I have always thought you were selling is because you always are.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1008414/small_1661187564-avatar-andyr55.jpg?twic=v1/output=image&v=2)
5 November 2024 | 7 replies
If you are in the vacation rental business, spending even a nickel on SEO is a complete waste of money.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3106625/small_1724509766-avatar-karinab32.jpg?twic=v1/output=image&v=2)
7 November 2024 | 22 replies
I have a Bookkeeper for my farm expenses/income but I am not sure if she has any RE experience and has not gotten back to me if she will do it or not as she has suffered a health crisis this year and has cut back some.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3139014/small_1730067811-avatar-eliac.jpg?twic=v1/output=image&v=2)
7 November 2024 | 12 replies
Here's some hopefully, helpful cut & paste info:------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3119902/small_1726512403-avatar-recostseg.jpg?twic=v1/output=image&v=2)
6 November 2024 | 0 replies
Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3093546/small_1734143772-avatar-garrettbrownre.jpg?twic=v1/output=image&v=2)
6 November 2024 | 42 replies
We've been to 38 of the big 63 National Parks; both Hot Springs and Broken Bow, which kind of cater to that same crowd, ever seemed appealing enough to visit.It doesn't mean that they are bad places to invest, but the anecdote needs to corroborate the data for me to want to cut a check and stress out for several months hoping it will work.
4 November 2024 | 11 replies
You are wasting your time.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1654298/small_1621514517-avatar-alexanders163.jpg?twic=v1/output=image&v=2)
4 November 2024 | 1 reply
Tax Policy: Proposed revision of high-income tax cuts to fund housing programs and economic stability initiatives4.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/58565/small_1621412680-avatar-danbosak.jpg?twic=v1/output=image&v=2)
5 November 2024 | 5 replies
I have worked with many lenders that will give you the run around, ask for more items, with no clear cut guidelines.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3111958/small_1725916975-avatar-connort68.jpg?twic=v1/output=image&v=2)
7 November 2024 | 27 replies
If not, cut your losses, sell the home and learn from your first investment.