If I buy a property in December, will I be able to claim the full depreciation on it for that year? Is there a timetable on how long I have to own it in order to claim this tax advantage?Thanks
Hello,
My name is Jimmy I'm a full time Interpreter and also part time Appreneur (developing apps for Apple and Android). I got interested in REI when I read Robert Kiyosaki's Poor Dad Rich Dad and Unfair Advantage. I...
Hello all
We are looking at a 4 unit in a good area close to downtown it needs almost everything. The owner has gutted it but I think he should have gutted everything but that's beside the point. The problem I think ...
Hello...I am new to this forum. Live in SoCal and have been investing in SFRs mostly and one Multifamily since 2009. I have sold most of my investments due to capital appreciation (yes! I did pay pretty hefty taxes bu...
When running numbers on an investment property, I focus more on equity growth than monthly cash flow.
Here’s why:
If I can acquire a property at a low basis and add significant value, I can:
1) Sell and reinves...
Hi all,I have been using my basement as an STR house hack for about 2 months, currently I'm only listing on AirBnB. It's done much better than I predicted (due to the summer months probably) and I want to ensure I hav...
I own a house completely paid off and I wanna use the equity to fund my next property. I’m not sure whether to use a HELOC, home equity loan, or a cash out refinance. I thought a HELOC would be the best path but I wa...
Looking forward to buying land and built what’s some of the items in my punch list wen looking at the land it self any advice will be greatly appreciate
For those of you who provide guests with dishwasher & laundry detergent, do you provide liquid or pods? The pods are more expensive but the advantage is you only need to leave a few out and if they go through thos...
Howdy, everyoneI have a couple of questions and couldn't find much info on it. I'm wondering... Do you think following up with a seller via text message is a good strategy? Should I follow up in different ways? Like e...