MikeF1972

@seandsweeney Will see what you say after their Fed exam.

@seandsweeney Hope his kids complied with BSA/AML and compliance screening for their loan, or they going to the popo

Think being a real estate developer is sexy? One of my developer friends is so tight on liqudity right now that he told me he just took $150 from his kids piggy bank and deposited in the bank to cover a bill today. Living the dream!

@seandsweeney For the average person, stock market.

@seandsweeney Meh. Real estate is a decent asset. Not the best long-term wealth crating vehicle.

Why is real estate the best long-term wealth creating vehicle in the world? One word: taxes. One of the key reasons many investors are evaluating and committing to our upcoming Hillcrest Place deal before year-end is accelerated depreciation and the return of 100% bonus depreciation.   This creates meaningful tax advantages for both real estate professionals and non-real estate professionals. For real estate professionals, depreciation and paper losses can directly offset active income, which may significantly reduce your tax liability. A $250,000 investment in Hillcrest Place is projected to generate roughly 45% (~$112,500) in paper losses in 2025. For non-real estate professionals, projected passive losses can shelter income generated by Hillcrest Place for the first several years and investors can anticipate multiple years of tax-free distributions. We plan to complete a Cost Segregation Study and apply bonus depreciation for the 2025 tax year.  While individual outcomes may vary based on the cost seg results, the goal is the same:  front-load depreciation to help offset passive income and improve after-tax returns.   If you’re looking to participate in a value-add suburban multifamily deal and improve your tax efficiency heading into 2025, Hillcrest Place offers both. DMs open. Get in touch to learn more while we still have space. *Please consult with your CPA or tax advisor to understand how depreciation may apply to your individual situation. *This 506(c) offering is open to accredited investors only.

@realEstateTrent I’m a travel agent so let me explain: when not enough people buy tickets to fill a flight, the flight is “not full”. Your flight was “not full”

Southwest flight from New York to Atlanta yesterday: only about 45 people on board. Southwest flight from Atlanta to New York today: only about 45 people on board. What is going on?

I know which one I'd shove up my ass if I need to sneak across a border. #Bitcoin #Crypto