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Jumby
Participant“8xGRM”….you are kidding right? That is very hard to find anywhere in the US, unless it’s a piece of crap or in a bad hood. I’m just as bearish as anybody on this board, but GRM of 8 ain’t gonna happen in Diego….I really wish it would though because I would be investing like crazy and selling it like crazy.
Participant“8xGRM”….you are kidding right? That is very hard to find anywhere in the US, unless it’s a piece of crap or in a bad hood. I’m just as bearish as anybody on this board, but GRM of 8 ain’t gonna happen in Diego….I really wish it would though because I would be investing like crazy and selling it like crazy.
Participant“8xGRM”….you are kidding right? That is very hard to find anywhere in the US, unless it’s a piece of crap or in a bad hood. I’m just as bearish as anybody on this board, but GRM of 8 ain’t gonna happen in Diego….I really wish it would though because I would be investing like crazy and selling it like crazy.
Participant“8xGRM”….you are kidding right? That is very hard to find anywhere in the US, unless it’s a piece of crap or in a bad hood. I’m just as bearish as anybody on this board, but GRM of 8 ain’t gonna happen in Diego….I really wish it would though because I would be investing like crazy and selling it like crazy.
Participant“Depreciation is good, but has to be recaptured eventually. You can defer it for a very long time by trading up using 1031 exchanges, but IMO that is a bonus to buying rental property, and should not be part of the equation.”
Given their situation, both working and making over 150k a year I would agree.
I would like to add that; if your adjusted gross income is under $100,000, you can offset up to $25,000 of your ordinary income from “losses” in real estate (depreciation, operating expenses and interest on the loan). These “losses” are an awesome tax shelter that essentially leaves more money to invest and further build your portfolio.
Yes, depreciation has to be eventually recaptured, but factoring in the time value of money, you will be using this to further increase your return (before it’s recaptured). Also, once finally recaptured you could have put yourself in a lower tax bracket and get taxed much less.
So essentially, I don’t see depreciation as a bonus. I see it has a major wealth building tool when combined with proper leverage and property selection.
Participant“Depreciation is good, but has to be recaptured eventually. You can defer it for a very long time by trading up using 1031 exchanges, but IMO that is a bonus to buying rental property, and should not be part of the equation.”
Given their situation, both working and making over 150k a year I would agree.
I would like to add that; if your adjusted gross income is under $100,000, you can offset up to $25,000 of your ordinary income from “losses” in real estate (depreciation, operating expenses and interest on the loan). These “losses” are an awesome tax shelter that essentially leaves more money to invest and further build your portfolio.
Yes, depreciation has to be eventually recaptured, but factoring in the time value of money, you will be using this to further increase your return (before it’s recaptured). Also, once finally recaptured you could have put yourself in a lower tax bracket and get taxed much less.
So essentially, I don’t see depreciation as a bonus. I see it has a major wealth building tool when combined with proper leverage and property selection.
Participant“Depreciation is good, but has to be recaptured eventually. You can defer it for a very long time by trading up using 1031 exchanges, but IMO that is a bonus to buying rental property, and should not be part of the equation.”
Given their situation, both working and making over 150k a year I would agree.
I would like to add that; if your adjusted gross income is under $100,000, you can offset up to $25,000 of your ordinary income from “losses” in real estate (depreciation, operating expenses and interest on the loan). These “losses” are an awesome tax shelter that essentially leaves more money to invest and further build your portfolio.
Yes, depreciation has to be eventually recaptured, but factoring in the time value of money, you will be using this to further increase your return (before it’s recaptured). Also, once finally recaptured you could have put yourself in a lower tax bracket and get taxed much less.
So essentially, I don’t see depreciation as a bonus. I see it has a major wealth building tool when combined with proper leverage and property selection.
Participant“Depreciation is good, but has to be recaptured eventually. You can defer it for a very long time by trading up using 1031 exchanges, but IMO that is a bonus to buying rental property, and should not be part of the equation.”
Given their situation, both working and making over 150k a year I would agree.
I would like to add that; if your adjusted gross income is under $100,000, you can offset up to $25,000 of your ordinary income from “losses” in real estate (depreciation, operating expenses and interest on the loan). These “losses” are an awesome tax shelter that essentially leaves more money to invest and further build your portfolio.
Yes, depreciation has to be eventually recaptured, but factoring in the time value of money, you will be using this to further increase your return (before it’s recaptured). Also, once finally recaptured you could have put yourself in a lower tax bracket and get taxed much less.
So essentially, I don’t see depreciation as a bonus. I see it has a major wealth building tool when combined with proper leverage and property selection.
Participant“Depreciation is good, but has to be recaptured eventually. You can defer it for a very long time by trading up using 1031 exchanges, but IMO that is a bonus to buying rental property, and should not be part of the equation.”
Given their situation, both working and making over 150k a year I would agree.
I would like to add that; if your adjusted gross income is under $100,000, you can offset up to $25,000 of your ordinary income from “losses” in real estate (depreciation, operating expenses and interest on the loan). These “losses” are an awesome tax shelter that essentially leaves more money to invest and further build your portfolio.
Yes, depreciation has to be eventually recaptured, but factoring in the time value of money, you will be using this to further increase your return (before it’s recaptured). Also, once finally recaptured you could have put yourself in a lower tax bracket and get taxed much less.
So essentially, I don’t see depreciation as a bonus. I see it has a major wealth building tool when combined with proper leverage and property selection.
Participant“Well, recently I told by a mortgage broker that there IS as Santa Claus.”
I actually laughed out loud on that one…
Participant“Well, recently I told by a mortgage broker that there IS as Santa Claus.”
I actually laughed out loud on that one…
Participant“Well, recently I told by a mortgage broker that there IS as Santa Claus.”
I actually laughed out loud on that one…
Participant“Well, recently I told by a mortgage broker that there IS as Santa Claus.”
I actually laughed out loud on that one…
Participant“Well, recently I told by a mortgage broker that there IS as Santa Claus.”
I actually laughed out loud on that one…
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