I really need some help understanding the bonus depreciation tax laws. I have an STR that was placed into service in 2022. Being a unwise, junior investor, I just claimed straight line depreciation for 2022 and 2023...
Hi there. My name is Dr. Jamie Foster from Marietta, GA. I recently joined bigger pockets in hopes to gain some much needed wisdom in the real of Real Estate Investing. This will be mine and my wife's legacy we plan t...
Hi There,I am trying to understand how best to value an RV park. What are the value add components that one should consider, like amenities. Are they a year round revenue stream or more geared towards vacation rental ...
I have a rental duplex in Ohio which I was doing very well managing myself. Work brought me back to New York so I was forced to hire a property manager.That didn't go very well. For reasons I will not get into, I fire...
Hi.....I seek homes for folks that are wheelchair/ADA/Disability set ups. I did this in OHio and now I am in Naples Florida.My question is have you modified a kitchen and master bathroom in a home or condo? If so, c...
Hi all,Doing research for my first deal (still).There doesn't seem to be a "method" to calculate returns on properties- at least not like traditional rentals (50% rule, 1% rule, etc.) They have the "back of the napkin...
Hi All,I hope to put together a group of investors to purchase a short-term rental property. I've been working on an "online" business plan that makes it easy to share the information about the proposal. I would lov...
I belong to a clubhouse gym that wealthy people belong to. The cost of the membership is absurd compared to a regular gym membership and the only reason why I'm paying for this membership is to meet high net worth ind...
Need some help from the experts here in trying to figure out how best to structure my new business venture. I know there is a creative solution here somewhere, I just have not quite cracked it yet but I know it must ...
I've been thinking about starting to wholesale but, I want to set up my business correctly. Should I remain a sole proprietor or create an LLC? I've been looking at several videos but no one has been able to answer th...