15 February 2024 | 5 replies
Hello BP,I’m just learning about 100% bonus depreciation and how Trump pays no taxes… who qualifies for that?
22 July 2020 | 10 replies
Here is my bonus for those who don't know.This is the very best website to find auction properties because this list contains the exact date the property is scheduled to be auctioned and I think this list is updated on-the-fly when the status changes.The best website for everyone wanting to but foreclosures is propertyradar.com.
16 February 2024 | 1 reply
The other bonus to a DSCR loan over a commercial one is that the interest rate is fixed for the entire loan and the lender can take the loan out 30 years.
3 May 2023 | 7 replies
Added Bonus: The Short Term Shop operates there.
30 September 2014 | 62 replies
Appreciation is a bonus for me and I never look at it..
30 November 2022 | 13 replies
Make sure to report the cleaning fee charged to the guest as income.You may want to check with your accountant but the washer/dryer may need to be capitalized and then either eligible for bonus depreciation or section 179 expense.
25 February 2024 | 28 replies
We currently have the below "bad debt" positions:Student loans - 50k (6%)Car loan - 29k (7.09%)2nd lien (current primary home) - 80k (6.08%)401k loan - 30k (9% - paid to yourself)401k loan - 20k (9.25% paid to yourself)Household income of 267k (not including bonus), roughly 100k cash currently and save around 6k a month not including yearly bonus's (33k + 14k = 47k net/yr) + 72k/yr (6k/mo x12) savings = 119k total net savings per year (rough estimate not including current rental)Should we pay off existing debt with the exception of our home loans (not including 2nd lien) or invest in a 250k townhome* that can rent anywhere from $2,000-$2,750/mo?
11 August 2023 | 10 replies
Still, the idea is to milk that leverage while you're still notching up to like three, four, or even five million in net worth because you are still in growth mode.Trying to juggle individual properties or even those portfolio loans, which by the way, are like Christmas bonuses for lending brokers, it's not exactly the kind of scalable approach you want.
28 June 2023 | 4 replies
You can use one of the companies that work nationwide, such as companies run by @Bernard Reisz, @Yonah Weiss and @Julio Gonzalez.And these posts may be helpful to understand cost seg better:https://www.biggerpockets.com/forums/51/topics/831924-beware-how-cost-segregation-is-sold-to-youhttps://www.biggerpockets.com/forums/51/topics/1075919-five-common-myths-of-cost-segregation-and-100-bonus-depreciation
5 January 2022 | 69 replies
I also frequently bonus/tip extra when I know someone has given me more useful information than I'd expect or for putting in extra effort.