30 October 2024 | 94 replies
stacks of capital for unexpeeccted repairs, zoning, headaces you simply can NOT forse e until it happens, and 6 months of the mortgage in reserves for vacancy/ job loss. 50k an d8k in credit is mayb safe to by 1 property. that 38k you think is left, not nearly that will be left over. so what is leeft..... theere are your reserve. you have noting left to get another property
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14 October 2024 | 37 replies
It's a long term play as the front loaded fee takes a few years to recover from.
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17 October 2024 | 1 reply
This holistic view can also help prevent gaps in coverage or unnecessary overlaps.Easier Claims ProcessWhen a loss occurs, dealing with one insurer can make the claims process faster and more straightforward.
15 October 2024 | 69 replies
I could not imagine deals having losses like that and the devastation to the investors and their families.
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17 October 2024 | 1 reply
Similar to a 401k, part of the strategy is a tax arbitrage.It is a much better outcome to take the deduction at 37% rather than 24%.Lever 5 - % Bonus AllowedIn 2023 Bonus depreciation has been limited to 80%, and will continue to ramp down 20%/yr until it hits zero in 2027.Bonus depreciation has come and gone in the past, but the more you get, that first year payback is higher and higher.Lever 6 - % Payback RatioUltimately how much you save vs. how much you pay matters.Caveat - Talk to your CPA before you purchase a cost seg study.You need to have a way to monetize your losses through1.
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17 October 2024 | 12 replies
He had no losses and lead me to believe I would get my deposit back initially.
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18 October 2024 | 15 replies
My wife and I are at a loss of what our options are to get out of this.
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11 October 2024 | 17 replies
Whereas my other LTR rentals B,C,D,E etc, can accumulate/share deductions and losses , as well as carry over.
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16 October 2024 | 10 replies
In some cases, folks recognize losses that they can carry forward to offset future gains.
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16 October 2024 | 7 replies
A real estate professional is allowed to take rental losses against ordinary income.