Nathan M kiefer
400k bonus - tax mitigation
26 November 2024 | 13 replies
Other than reduced bonus depreciation (if you're using that strategy), without any tax law changes, rates will be largely the same for 2025 as 2024, so you may not lose much by delaying receipt of the bonus by a month or two.
Melanie Baldridge
Power of Bonus Dep.
26 November 2024 | 2 replies
Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.
Justin Woods
Cost Segregation - Bonus Depreciation on House Hack
26 November 2024 | 13 replies
. :) You can't utilize bonus depreciation on anything <50% business use.
David Oh
Profit Sharing Bonus for Property Mangement Staff
22 November 2024 | 4 replies
@David Oh you can either offer a bonus based upon specific KPIs or based upon profitability.
Davin Manfredi
House Flipping Framework Bonus Content
25 November 2024 | 0 replies
Because I did not buy this on Biggerpockets, am I not able to access the bonus content.
Jason Lowe
Texas, Collin County, DFW area: Mentor/Coach/Investor needed for complicated project
28 November 2024 | 3 replies
Your property sounds amazing, and you've got great ideas for it—those trees and stream are a real bonus!
Marc Shin
closet has some round foam structure
14 November 2024 | 4 replies
hello,i just purchased a property. One of the closets has this hideuos foam column. I have no idea what this is. Any idea what this is, and any recos on how I can cover up this foam column?
Kristin Solbach
STR to LTR - is it possible?
14 November 2024 | 30 replies
With its year-round tourism and growing population, Branson offers flexibility for investors who want to balance between the two strategies.
Anna Thanopoulou
First year depreciation in STR
19 November 2024 | 7 replies
The IRS is the other way around.Your bonus depreciation, assuming you're eligible for it, is not pro-rated.
Melanie Baldridge
One of the best strategies?
26 November 2024 | 4 replies
Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.