Haiden Welch
Real estate Education Recomendations?
10 October 2024 | 5 replies
They cover everything from house hacking to scaling up portfolios.
Will Mejia
Solar panels for 3-unit rental property??
18 October 2024 | 7 replies
Another cheaper option would be to just separate the meter and have the two tenants pay for their own electric.
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).
Adam H.
Another Newbie Saying Hi!
9 October 2024 | 3 replies
Right now, I'm coming to the end of a debt payoff journey.
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.
Jeffery Bishop
Purchasing our Vacation Property in North Myrtle Beach
2 November 2024 | 4 replies
We're familiar with the area and have been vacationing there for over 20 years.
Ben Downard
Storm Cleanup Tips
5 October 2024 | 3 replies
There is roof damage, probable damage to the trusses, and the water line busted.
Ken Aitkens
Wholesale to myself then BRRRR - does the concept work?
6 October 2024 | 7 replies
So I got the creative juices flowing to come up with a solution to make it all happen.
Amyson Varughese
Looking 4 advice w/Eviction from anyone with experience in Pierce county, WA area?
14 October 2024 | 5 replies
But when they didn't make up the missing 2 months' rent, I sent them a Certified letter letting them know they were in default, and they needed to pay it by 10/15.
Christina J Abaray
Best Carpet for High End Rental
16 October 2024 | 2 replies
After the current tenants move out, I need to replace the carpet and pad.