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24 July 2024 | 0 replies
What made you interested in investing in this type of deal?
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21 July 2024 | 2 replies
They are relatively cheap as they don’t kick in until the loss exceeds $250/$500k.
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24 July 2024 | 6 replies
It’s probably beating a dead horse but it just depends on the deal, but I would say there are still deals to be had for sure, just having to look a little harder.
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24 July 2024 | 0 replies
What made you interested in investing in this type of deal?
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25 July 2024 | 10 replies
So it's possible that the assignee might decide to cut his losses and forfeit the fee amount he already paid in.Regardless of why this might happen (which is really immaterial), the questions I should have asked are:How frequently (percentage of a wholesaler's deals) does it happen that a buyer backs out of the assignment, andWhen it does, how successful are you in pursuing the alternatives mentioned in Dustin Heiner's article?
24 July 2024 | 3 replies
He did all the work finding this deal and negotiating the great price so I agree he is entitled to some sort of acquisition % fee.
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26 July 2024 | 1 reply
Have you been dealing with any water leaks, drain issues, or delayed repairs?
26 July 2024 | 12 replies
Interest rates are making deals a lot harder to come by.
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22 July 2024 | 10 replies
A lot of my out-of-state clients have successfully purchased their own rentals as well at a very cheap price point, around $120k to $180k.
25 July 2024 | 10 replies
Many states have a limitation on 179 that is different from the Feds.Some have really painful rules on dealing with that bonus depreciation addbacks.You still benefit from the cost segregation study without the bonus depreciation - say your cost segregation study broke out $100k of 5 year property - now instead of spreading that out over 27.5 / 39 years, you get to take it over 5 years for your local state.You still get the bonus depreciation amount on your Federal return, regardless of what the state does.