All Forum Posts by: John Acheson
John Acheson has started 30 posts and replied 271 times.
Post: Cost Segregation on Warehouse Building
- Renter
- Las Vegas, NV
- Posts 278
- Votes 71
THANK YOU for a tremendously powerful post!
Let's hope the 100% passes for 2024 to 2027!
Post: How to get a $100K tax deduction on $300K investment?
- Renter
- Las Vegas, NV
- Posts 278
- Votes 71
Assuming cost segging a rental is the only way:
condo or townhome/SFH with NON depreciable land
newer property/fixtures vs older property
NOT a pro newbie landlord vs REP
self manage or prop. mgmt. co.
GOAL is biggest tax bene.
NOT best cash flowing deal
Post: Re: lowering taxes
- Renter
- Las Vegas, NV
- Posts 278
- Votes 71
Legally, you can move to a no income tax state like my wife & I did.
Also, you can become self-employed then write off depreciation.
Accelerated depreciation is the secret to paying less income taxes:
on equipment such as a heavy vehicle or real estate purchase,
so long as anything was purchased for business!
Anything from selling on eBay to managing a rental should work!
Post: How to cross-collateralize notes, business, car, etc.
- Renter
- Las Vegas, NV
- Posts 278
- Votes 71
Striking out with bankers on asking for a cross-collateralized loan:
on two notes I'm carrying, a longtime reselling business,
UCC, inventory, cash/CD and free & clear car.
Post: Need a personal loan for $50,000
- Renter
- Las Vegas, NV
- Posts 278
- Votes 71
Get a FREE EIN and get tradelines and move all credit to business credit cards/lines/loans that DO NOT report to personal credit to boost your scores!
Post: What advise would you give yourself if you started all over?
- Renter
- Las Vegas, NV
- Posts 278
- Votes 71
NEVER EVER EVER do a FHA deal EITHER as buyer or seller!!
Post: New Investor looking for advice on what loans to use.
- Renter
- Las Vegas, NV
- Posts 278
- Votes 71
The best rate loans are SBA 504s/7as at 10% down and below market rate fixed rates!
The catch is that you need a business,
need to get into commercial,
and can only rent out 49%!
HAPPY to help anyone help small businesses own,
that signed leases at the top of the cycle!
Post: Mortgage Loan with No Income Restrictions
- Renter
- Las Vegas, NV
- Posts 278
- Votes 71
The new BofA community program with $0 down and NO PMI I believe if you can qualify socioeconomically and geographically??
Post: QOTW: How did you / are you financing your investment properties?
- Renter
- Las Vegas, NV
- Posts 278
- Votes 71
BELOW market rate SBA 504 or 7a with only 10% down if you can handle MBA level paperwork?
You can move your business into a property and rent out 49%.
Great way to help small business owners
get out of leases signed at the top!
Post: Las Vegas/Henderson Market Shift
- Renter
- Las Vegas, NV
- Posts 278
- Votes 71
The last big pivot followed unemployment bottoming out which either happens every recession or nearly every recession.
After the last big crash (GFC) it took what, three years for real estate to bottom out and another few to start climbing?
How many years of depreciation did it take the foreclosure bus tours to stop filling up in Vegas?
I'm watching unemployment to predict the next pivot...
Without a pivot there is no real estate mkt.