What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

I’m about of state investor looking to do BRRRR in Birmingham, AL.

Your best investment is in yourself.Consider going to college or learning a trade.Use the funds to invest in something that does not require much time so you can focus on learning.If you do decide to get into real estate, you may want to consider doing a house-hack.It will give you a place to live(potentially saving you a few hundred dollars from paying rent and also giving you training wheels for being a landlord).

Hello guys,I will soon close my residential house in Georgia.

Hi BP Family,I am looking to replace a 17 year old AC system in a 1200 sqft townhome in the Kansas City area and I was wondering how much that might cost.

I just started my due diligence phase, but the first thing I need to do is better understand the financial feasibility for the project, and how the return might compare to other investments we have undertaken in the past, which have been mostly acquiring existing buildings and renovating, not new construction.

-We have had our condo in Oceanside for almost 2 years now and the value according to Redfin and some comps in the neighborhood have increased the value of the condo by at least $80,000 ( rough assessment ). 

The “tales” of nothing down/seller subordinates “down payment” done successfully almost always hide the most important information - that the buyer either provided additional collateral (such as real property owned “free and clear”, a certificate of deposit in an amount greater than the down payment required, or the buyer is financially strong enough that part of the financing was in effect a personal loan or line of credit. 

I am under contract with a land deal, on Marrowbone Lake In Joelton.

What interested you in that market?