Eric Yu
Business Formation or Asset Protection Lawyer Recommendations In Bay Area? (And CPA!)
9 October 2024 | 2 replies
Preferably in the Oakland, Berkeley, Walnut Creek area?
Andrew Syrios
Evaluating Kamala Harris’s Proposals For the Real Estate Industry
2 October 2024 | 38 replies
I think it is an awesome program because of the following. - Must be on a new construction home - Must be under $450k (which can be hard to do on new construction here) - Also protects against deflation by saying if the equity upon sale is less than $20k, only 50% of the equity needs to be paid back.
Tyler Hespeler
Looking to Connect in the Lowcountry
7 October 2024 | 6 replies
Looking to connect with some agents and investors in the Beaufort, Bluffton, or Hilton Head area.
Colby Wartman
DTI Ratio Question
29 October 2024 | 2 replies
It has been a couple days and have not seen an answer.If you own a rental property and you have a signed lease at the minimum of 1+ year, does that rental property mortgage (traditional investment loan) still count against your DTI?
Mei Zhu
LLC formation out of state
29 October 2024 | 2 replies
For example, does the rental property has to be in the same state as the LLC formed?
Tiffany Perry
How to handle insurance company non-renewal of rental unit policy
29 October 2024 | 4 replies
If you have been able to convince your insurance carrier to reconsider not renewing the policy, please give me advice.
Tyler Cornfield
Will I regret not using an FHA?
29 October 2024 | 2 replies
The amount of rent $ I'm "throwing away" in LA makes me want to put that money into something I'd own and live in.
Melanie Baldridge
If you want to be a real estate pro, you need to understand the TERMS:
9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
Eric Fichera
Emerging markets with friendly landlord laws
9 October 2024 | 23 replies
Outside of those focus on simply being a good landlord because you have far more control than you may think.I am in Philadelphia which has tenant friendly landlord tenant laws.
Mitchell Hein
New AC unit
10 October 2024 | 25 replies
I followed up with the AC company and they ended up recommending that we go with option 2 (for $7,280).