Maurizio Pisciotta
New To BiggerPockets
16 October 2024 | 7 replies
Are you interested in doing so in the near future?
Bruce Woodruff
Any experience with the HomeLight program?
24 September 2024 | 1 reply
Home Light is a company that will essentially loan you money against the equity in the house you re selling.
Shane Quin
Website for Credit and Background check
16 October 2024 | 4 replies
I also call the local court system to see if anything is flagged on file.
Vincent Keele
Looking for my first property
27 September 2024 | 18 replies
However, I have found that in Seattle, most investors stay away due to the stringent renting laws and the high cost of real estate.
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.
Joyce Kim
Personal financial hardship - HELOC vs Home Equity Loan?
25 September 2024 | 12 replies
I've had negative experiences with a bad general contractor and a non-paying renter (leading to an eviction), so I'm being extra cautious in selecting the right lender this time.Could anyone recommend a trustworthy lender in the Los Angeles area who can guide me through this difficult time?
John McKee
Need advice on build out of single tenant building
26 September 2024 | 6 replies
I don't know the exact location of the property, but from my perspective a lot of former drive throughs are being replaced or no longer used, especially at former bank properties.
Danny Nguyen
Questions on investing and owning
16 October 2024 | 1 reply
I’m planning to move to the OKC area in the summer of 2025 and was wondering if anyone here has invested in real estate either in the city or nearby, especially if you’ve also lived there.
Giman Kim
Cash-out refi to buy a new home
24 September 2024 | 21 replies
Hi, As interest rate is dropping with impending federal reserve's announcement next week, I feel like this is a good time to tap into equity in my investment property in Cambridge, MA 02141 and maybe purchase another property with cash.