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19 June 2024 | 14 replies
A cost segregation will not classify the whole building as 5 year.It will classify some as 39 year, 15 year, 7 year, 5 year and 0 year.The items classified as 15, 7 and 5 year will be eligible for bonus depreciation.Since bonus depreciation is currently 60% for 2024, you will still be depreciation some of the remaining depreciable assets over the next 15, 7 and 5 years.A majority of the building will still be classified as 39 years which still gives you a good amount of depreciation into the future.
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14 June 2024 | 2 replies
Little did I know how far the industry would be willing to discount and devalue its services over the next 10-15 years in pursuit of more management contracts and more doors under management.
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18 June 2024 | 8 replies
Now, I could get a 0% loan through the mass save program for 50k of that over 7 years and come up with the rest out of pocket, but that would eat into a good chunk of my cashflow. my thought is that its not worth it to put the 70-85k into the property and might be better to sell it since I could probably sell it now for about 100k more than i paid for it.
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19 June 2024 | 5 replies
Maybe some opportunities that are early on and could see some substantial growth over time.
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19 June 2024 | 4 replies
I'm sure you will gain some interest from potential investors then maybe they can supply you with the down payments and you can pay them back over time and you could buy more per year.From what I know, business is a slow game and from what I hear, successful Real Estate Investing can be boring.
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19 June 2024 | 7 replies
I always suggest to do the math backwards . see what the rents are and how much of a spread youd prefer to make over the mortgage payment and offer accordingly .
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18 June 2024 | 12 replies
My experience over the last 6 years has been the exact opposite of yours.
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19 June 2024 | 3 replies
I feel like I am over reading into this, but I just want to do my diligence.Bonus question: This property is not subject to the Rent Stabilization Ordinance (RSO) and is not built in an Unincoporated area of Los Angeles.
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18 June 2024 | 7 replies
When I was working out numbers for seller financing, I got to the point of giving the owner $315,000 lump sum then taking over the loan at 2000/month however when you do ROI that means you'll get $800/month cashflow at best which is 800*12months for a total of 9600/year CF. if you do 9600/315,000 that means you get a ROI of 3%. which is not nearly as good as stock market. also 315,000 lump sum I do not have :( I need help.
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18 June 2024 | 38 replies
Hi Spencer, I am originally from Spain and my family owns some Real Estate Investments over in Mallorca.