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13 October 2024 | 7 replies
:) Whew, now I just need the confidence and bravery to dive in.
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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14 October 2024 | 3 replies
Hi guys,I’m looking at a property in Austin and working out the cash on cash return so I can make sure it’s a good investment for an AirBnB.
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15 October 2024 | 2 replies
This equates to approximately 1.18% to 1.14%, which is still within the typical range.For properties above $35M, the commission is a flat $500,000.
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14 October 2024 | 1 reply
My question is can I still foreclose on the property this year.
14 October 2024 | 1 reply
Quote from @Damien Stowe: Want to learn how to use my A home loan to build wealth I don't understand your question, so I'll just give you some generic beginner advice.1.
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28 October 2024 | 4 replies
The latter will typically cost you more, as there are two sets of closing costs and the front side will pass their cost on to you, so you pay twice essentially.
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28 October 2024 | 0 replies
This November, California voters will decide on Proposition 33, which could repeal the Costa-Hawkins Rental Housing Act, expanding rent control options across the state.
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13 October 2024 | 6 replies
I’m a new investor in FL and seem to have just invested in time for a major Hurricane to hit directly :( any advice is much appreciated!
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15 October 2024 | 1 reply
My group and I just recently backed out of what could have been our 1st CRE investment.