All Forum Posts by: Drake Hamilton

Hello,

Long time house hacker & short term rental operator who pivoted to the multifamily space a while ago.

I'm working with an experienced team in Salt Lake City and we are seeking accredited investors who are interested in being a passive investor and partnering on a current apartment investment opportunity we have.

27 unit value add apartment in Northern Utah :

3-5 Year Hold

20% Projected IRR

2.09x Equity Multiple

40%+ Bonus Depreciation

Holding a webinar on Tuesday, 4/22 to walk through the property, market, financials, and answer questions.

Reach out if you'd like more details!

I'm planning to furnish my house for Airbnb/STR but want to try to stick to a conservative budget and buy some items on Facebook Marketplace and Craigslist for cheap.

• - I'm wondering how taxes work for this? Can I write off these items bought second hand? If so, anything I should consider for receipt/paper trailing? 
• - Or would it be best/easier to try to stick to buying new items online/in-store (amazon, etc)?
• - Anything else to consider?

Thanks!

Thanks Joshua! Very helpful and encouraging to hear that the credit will hopefully be raised to 30% next year!

Hello, I am deciding to go solar primarily for the federal tax credit and have a question:

If I sign all the paperwork to get solar installed NOW before the year ends, but it isn't actually installed and running until early 2022, when will I be able to write it off as a tax credit? For 2021 or 2022 taxes? 

I've heard conflicting answers from "once you get the permitting started" to "after it is completed installed and running".

Thanks!