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18 December 2024 | 3 replies
However, I didn't continue this since I couldn't find any deals that would allow me to do a full cash-out refinance.
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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.
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19 December 2024 | 2 replies
But Im heavily lacking true mentorship to take me to my intended goal of reaching the financial independence community so I can continue to gain more of my freedom and time with loved ones!
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16 December 2024 | 3 replies
And continue the process.
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17 December 2024 | 2 replies
This potential merger could significantly reshape the U.S. convenience store landscape, continuing the industry’s trend of growth through acquisitions.
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18 December 2024 | 2 replies
Stay away from the condos as they are going to continue to have higher HOA's and insurances going forward in Florida.
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19 December 2024 | 21 replies
Appreciation is occurring and I suspect will continue as the market strengthens.
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18 December 2024 | 13 replies
.: I wanted to get involved in land investing and made a post about it during the summer and have continued to look at it until now.I was questioning if I should trust a land guru in my area so I asked about it and got some feedback.So then I have searched for land investing education programs and a name was at the top on google and I saw he had a lot of information out there.I did research on him and watched a lot of his videos and it all sounded good but I heard him talk about how he now owns over 1000 doors in multi family, so I started thinking about it.
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28 December 2024 | 23 replies
So i continue because i enjoy it.
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16 December 2024 | 7 replies
Stay away, I made the mistake of buying one house through them in Palm Bay which has had continual problems.