Pete Tarin
Class A, B, C or D neighborhood
23 September 2024 | 25 replies
When researching rental properties for potential investment.
James McGovern
Do Buyers Agents intuitively know when a property is priced to generate interest?
16 September 2024 | 3 replies
Do Buyers Agents intuitively know when a property is priced to generate interest and the price is not even close to what the seller is looking for?
Gene Paniccia
Section 8 Question
23 September 2024 | 12 replies
I recently purchased a property in Cleveland.
Rene Hosman
Do you put extra money toward principle or invest that money elsewhere?
23 September 2024 | 5 replies
I've had a conundrum the last few years since I bought my first primary residence, I was lucky to get a good interest rate <5% When I purchased this property I was very green and new to real estate but I had heard or seen somewhere on some financial blog or podcast that if you pay an extra $100/mo toward your mortgage in many cases you can accelerate your payoff date 5+ years.
Melanie Baldridge
Bonus Depreciation one of the best parts of RE Tax Code
23 September 2024 | 6 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.
David V.
IRS Form 8824 Review
25 September 2024 | 4 replies
At 5 rental properties, you can more then afford it and it will save you time and headache, and even better could save you a lot more money!
Justin Ellsworth
Just Saying Hi!
23 September 2024 | 6 replies
not sure I know exactly what those mean yet except to say I'm looking for more long term equity to have better tenants/houses than better short term cash flow with lower tier properties.
James McGovern
How many properties do you flip simultaneously
15 September 2024 | 4 replies
I have flipped four houses to date and typically look for properties that guarantee a healthy margin.
Rob Bergeron
Greater Louisville and Southern Indiana Real Estate Market Update – September 2024
24 September 2024 | 0 replies
With election uncertainty and changing economic conditions, there is potential for further shifts in the market as we move into 2025(Nest Realty)(Garretts Realty).For those considering investing, it's worth noting that Louisville's rental market remains strong, particularly for multifamily properties, where rent prices have increased 5.1% year-over-year, outperforming national averages(Nest Realty).Lot's of cool things happening in the area!
Sharon Asayag
How to Start With Real Estate Investing in Indianapolis
23 September 2024 | 10 replies
Property Types4.