Siddharth Patel
Potential Bed and Breakfast | Ways to evaluate the deal!
13 September 2024 | 12 replies
Use that as a basis to do your own due diligence.
Gene Paniccia
Section 8 Question
23 September 2024 | 12 replies
So you can know what they will pay before even advertising your rental.
Hares Najand
How to Split Water Bill for Duplex with Single Meter
16 September 2024 | 6 replies
Thank you in advance for your help and guidance!
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.
Scott Sampson
Potential in Bankruptcy deal
16 September 2024 | 7 replies
WE've tried to get bankruptcy properties and after buying and selling more than 1,000 properties for my own inventory, never sucessfully got a BK.
Tim Melin
Thoughts on DSCR Loans
15 September 2024 | 38 replies
There is a NO DSCR programs available and options that do not require you to own any properties.
Lori Brittain
writing off meals during REI meetups
12 September 2024 | 12 replies
No, because they are not a write-off if you're merely buying your own meal.
Willis Yoder
Flipping for Profit: The Ultimate ROI Renovation Secrets
20 September 2024 | 39 replies
What’s the one renovation you’ve found to bring the highest ROI in your fix-and-flip projects?
Joel Rivera
Property Management Referrals
9 September 2024 | 9 replies
Continue asking for references, but do your own research as a cross-check.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.
Jesus Montero
Available options for a 3-unit multifamily that is zoned as 2-unit family Union City
22 September 2024 | 2 replies
The safest bet is to try to get a variance from Union City. though clever, your combined unit lease agreement would likely cause trouble if ever scrutinized by the Tenants or the municipality.