Yonah Weiss
100% Bonus Depreciation following up the recent podcast
22 March 2020 | 33 replies
., there was a technical error, and the section of the tax code describing 15-year property (Section 168(e)(3)(E)) was in fact not amended to include qualified improvement property.So for now, strictly-speaking, in 2018, qualified improvement property is regular old 39-year property that is not eligible for bonus depreciation.We do expect that a technical correction to the law will be made, but for now the IRS has actually stated that it cannot guarantee that absent legislative correction it will accept the legislatively intended change in recovery period and bonus eligibility.Anyway, this is neither here nor there since you have stated you are a landlord of residential rental property rather than non-residential real estate.And this does not affect the application of 100% bonus depreciation to both qualifying new and used property place in service after 9/27/17 and before 1/1/23 that @Yonah Weiss pointed out.
Jane Batista
Need advise on financing!
11 March 2018 | 2 replies
A hard money lender or private lender may have different down payment options but don't expect anything much lower than 20%.
Tim Morales
Hard Money Loan and Refinancing
15 March 2018 | 17 replies
What would you expect to gain by paying off someone else's property?
Steve Franco
CCIM certification question
11 March 2018 | 3 replies
I’ve completed all the courses and expect to be pinned in the fall.
Ashlie Perry
A Re-Introduction: New -ish Member in North Shore / Salem
29 March 2018 | 6 replies
Again, it's hard to expect for it to take awhile.
Nicholas Lohr
Do any syndicators offer results Apps for their investors?
11 March 2018 | 4 replies
In this here age of the smartphone I would think it would be attractive, and almost expected, for investors to be able to track and check their investments at the click of a button just as everyone can with stocks, online banking, etc...
Jimmy Silcox
To Build or Not to Build
14 March 2018 | 4 replies
Request a quick phone call consult and she'll tell you what you can expect to pay to build the utility workshop and if she thinks you could build a shed/apartment.
Rousner E.
Pay down or invest??
11 March 2018 | 3 replies
I'd just weigh your expected returns in the market vs your mortgage interest rate.I've actually been tapping the HELOC equity to re-invest into the market which is an aggressive play but if I can beat the interest rate (3.75%), I'll be turning a profit by doing so.
Conrad Legé
Putting my first offer in on a 3-unit!
12 March 2018 | 4 replies
All units are occupied which the leases are expected to end within the next two months.
Jeff Hamlin
1031 Exchange of SFR in PDX leads to 7 more units in KCMO
11 March 2018 | 1 reply
In the next year or so, we expect to sell off two SFR's and a duplex in Independence, MO to 1031 exchange into another smaller multifamily.