Willis Yoder
Flipping for Profit: The Ultimate ROI Renovation Secrets
20 September 2024 | 39 replies
Plus, a well-designed kitchen can make a lasting first impression, helping the property stand out in a competitive market.The bathroom remodel often comes in as the second-highest ROI renovation in fix-and-flip projects.
Gino Barbaro
How To Find A Deal In This Market
25 September 2024 | 16 replies
Seller financing is coming back in vogue.
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.
Matthew Mclean
Can I lower my rate?
1 October 2024 | 7 replies
You bring up a disadvantage of buying down rates I hadn’t considered before.
Todd M.
New Home Equity Loan after Quit Claim to LLC
25 September 2024 | 3 replies
Hey everybody,I've held an investment property (4-plex) for years and have built up some equity.
Joe Pless
Housing crash after presidential election
28 September 2024 | 1 reply
It has been suggested to me that I should wait until after the election because of a crash that is supposedly coming.
Jack Mi
What do you all think about this deal?
30 September 2024 | 5 replies
It's a brand new lease up multifamily apartment building with 60 units.Loan estimate 8.1 M, LTV estimate 65%.
Rawle Cuffiepastor
Mid-term rentals - how to connect with professionals
17 October 2024 | 1 reply
I have read that you can contact the nearest hospitals and offer services, so how is this done successfully out if state and what are other means for the example staffing agencies.
Christina B.
Service dog last minute disclosure
24 September 2024 | 15 replies
Mostly that means a limit in the number of units you own, whether or not you broker it yourself or through an agent.
Suman Nandi
Must have tools for a new STR investor.
24 September 2024 | 9 replies
Any other tips or tools that have worked for you when investing and you think I should definitely consider?