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12 November 2024 | 5 replies
I've talked to TransUnion four times in the past 3 days.
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13 November 2024 | 2 replies
Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.
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23 October 2024 | 4 replies
I am open to any and all Ideas so please I would love to hear from anyone with ideas, advice or general information.
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12 November 2024 | 4 replies
They're practically giving them away compared to 2021 prices.
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21 October 2024 | 6 replies
You want to connect with others at local meetups so you can start to learn what others did to grow their businesses as investors.
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12 November 2024 | 3 replies
I would be inclined to not hold on to a cash flow negative property, I see our costs only going up.
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24 October 2024 | 1 reply
Real estate investing is not rocket science, buy some books here on BP and don't pay anyone for their system!
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12 November 2024 | 1 reply
Thinking of trying to market to a handful of homeowners that would like us to manage the STR for a % of revenue.
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23 October 2024 | 2 replies
I recently moved back to the Pacific Northwest near Vancouver and am hoping to begin here.