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3 October 2024 | 2 replies
Feel free to ask me anything about the process, the numbers, or how deals like this work.
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9 October 2024 | 1 reply
Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.
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10 October 2024 | 2 replies
I spoke with him yesterday and will see how I can assist with this endeavor.
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11 October 2024 | 7 replies
This project spans over 49+/- acres and features 50ft, 60ft, & 70ft lots, adjacent to a large lake that will serve as a stunning community amenity.
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2 October 2024 | 38 replies
The govt absolutely has to help nudge new construction or this problem is never going to be corrected.
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3 October 2024 | 14 replies
You can literally find answers to all of your questions within the confines of this site.
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9 October 2024 | 1 reply
At closing a Note was issued and a Mortgage/Deed of Trust were issued showing the Borrower (Investor's) indebtedness to me, with a Mortgage/Deed of Trust showing my rights as Lender over the Borrower's property.I have received mixed recommendations on this topic and am looking for guidance that is consistent.Specifically, I lent money and had the investor/borrower/property owner place me as "Mortgagee" on their property's insurance policy.
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3 October 2024 | 1 reply
Can anyone shed some light on this for me?
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3 October 2024 | 29 replies
I'll save this as an example for the future.
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10 October 2024 | 7 replies
I think this is a marketing post, lol.