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Results (2,459+)
Michael Plaks EXPLAINED: Depreciation - myths & reality
4 June 2023 | 11 replies
It's easier to memorize the Starbucks menu or the NFL rosters.Section 179 basics- can deduct 100% of the cost in the 1st year- applies to 3-yr, 5-yr, 7-yr and 10-yr assets and "qualified improvement property" (a separate post would be needed to explain)- cannot create a net loss- minimum 50% business use required- other limits and restrictions applyBonus depreciation basics, as of today (mid-2023)- 100% of the cost in 2022, 80% in 2023, 60% in 2024, and so on until 0% in 2027- applies to assets with up to 20-yr life- can create a net lossBoth methods have their pros and cons, and choosing between them, as well as generally optimizing depreciation, is a job for an experienced accountant.Cost segregationWhat cost segregation accomplishes is extracting faster-depreciation property (as in 5-yr, 7-yr and 15-yr) out of slow-depreciation real property.
Salvatore Lentini What's stopping you from buying your 1st investment property?
15 October 2021 | 645 replies
If you can't extract yourself and cashflow then you're trapped. 
Marcus Auerbach Thank God I had an LLC!! - Said no one ever!?
19 January 2024 | 140 replies
The only difference is that if you are succesful the amount you can actually extract from the business is limited to what the business owns. 
Christian Benitez Where did you get your money to start investment
14 April 2016 | 61 replies
In addition to using all of my immediate savings (which was not much at the time), I got a HELOC to extract every last drop of equity from my primary residence, borrowed the max from my 401K, borrowed the max against cash value of life insurance, obtained a "emergency" salary advance from my job, and maxed-out my credit cards.  
Scott Trench Best Way to Invest a Large Lump Sum of Money ($100-$300K)?
30 October 2017 | 106 replies
@Shawn Kalakota  not to disagree with you but no all of Aussie land has performed that way.. there is price correction going on in Western AU right now  Perth.. their economy tied to mineral extraction which is down.Eastern is about like you say.. although one being a US citizen would want to look at tax implications.. its not like US and don't think there is ability to 1031 if you make a big move up.although I like the paying rent every week like they do there and no check's every one has electronic banking so its not the weak renter we have in the US rental markets. 
Robert Lumerman HUNTSVILLE & BIRMINGHAM AL
4 September 2023 | 7 replies
It's a majority black community so a lot of people have been in the business of just extracting capital and not doing maintenance, so it presents more opportunities than Huntsville where hedge funds are doubling down.
Account Closed How to approach private investors (not family)
7 November 2018 | 38 replies
Also keep in mind that you don't have to partner on a deal with an investor to extract value from them.
Pandu Chimata ADU cost - for estimates
21 February 2024 | 4 replies
However if I do a BRRRR I can achieve infinite return by extracting all of my investment.
Martez Bynum What is the best direct mail marketing campaign?
4 June 2020 | 56 replies
I guess you are very in tune with your marketing.What impresses me the most is you ask me, someone that does organic, these questions, which is brilliant because you are extracting the behavioral patterns of organic traffic, not paid traffic.
Account Closed Are any apartment building owners considering eliminating LR's?
30 October 2022 | 9 replies
By creating very nice common kitchens and bathrooms shared by more people another $500 (at least) could be extracted from the same space.