Catherine Calix
How do I buy a REO or auction property
27 September 2024 | 4 replies
I personally have never known a bank to sell a property off market.
Chris Blackburn
Real Estate commissions? Thoughts on a $34M sale $400,000 ($200,000 per) to $500K
15 October 2024 | 2 replies
For properties valued between $30M and $40M, the commission rate tends to be on the lower end of this range, often around 1% to 2%.Some brokers may also opt for a flat fee structure, which can be advantageous for high-value transactions.Comparison with Provided Rates:For a property under $34M, the commission is 1%, which aligns with the lower end of typical commercial real estate commissions for high-value properties.For properties between $34M and $35M, the commission is a flat $400,000.
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.
Elvin William
What zip code or area is C and B area in Cincinnati.
15 October 2024 | 6 replies
I'm looking to invest in Cincinnati for the very first time.
Ashley Madalone
Taking Money from Business Account and Putting into Real Estate
15 October 2024 | 3 replies
I am looking to JV with my brother where I will do the real estate investing (finding deals, property management, etc.) and my brother will fund it from his business account.
Cody M.
Car Dealership Commercial Property
15 October 2024 | 4 replies
Ideally he will be stay there for 10 months and lease the property from the new owner while he gets ready for his move.
Gio Kattan
Hello BiggerPockets Community, I’m currently in the process of expanding my real es
26 September 2024 | 0 replies
Hello BiggerPockets Community,I’m currently in the process of expanding my real estate portfolio and am looking to establish relationships with hard money lenders who can offer the most competitive and lowest rates available in the market.I am a business owner with $1.5 million in verifiable funds.
Daniel Frank
Waco Centre Apartments (LP)
15 October 2024 | 6 replies
The Waco market has stronger than anticipated numbers.
Dan N.
Just closed on 1st property - Here are some lessons I learned
15 October 2024 | 6 replies
The one item I am not clear on is the 50% contingency on top of the contractor bids.