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7 November 2024 | 2 replies
Most properties get continued from sale 4-8 times before a final sale and many get resolved so the list is kind of just a guess at what is coming.They are cash buys, 10 percent down at time of auction and the other 90 percent due in 7 days I believe, or something close to that.
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6 November 2024 | 0 replies
Investment Info:Single-family residence fix & flip investment in Mesa.
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24 October 2024 | 1 reply
My partner funded the entire purchase price, and we are about to refinance at the market value, allowing him to get all his cash back with a profit and allowing me to buy the house with no money down.
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6 November 2024 | 3 replies
Hi BP family,I am a new investor looking to expand into fix and flips in California with financing and construction team in place.
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16 October 2024 | 16 replies
IN case the house you bought needs urgent repairs because of some natural events .
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6 November 2024 | 0 replies
Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.
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25 October 2024 | 10 replies
Thanks in advance for any advice!
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6 November 2024 | 7 replies
My name is Daniel , Im Hungarian professional soccer player right now I play in Greece , I listen a lot of Bigger Pockets and Im really intrigued to have my first deal in a Dallas - Fort Worth area.
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6 November 2024 | 6 replies
Quote from @Haim Assaraf: Hi guys,I manage a multi-family building in Baltimore, Md.
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23 October 2024 | 5 replies
Hi all,I’m hoping to get some advice from those more experienced in real estate and property management.