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Owned by Michael
A Community for High Earners but Not Rich Yet (HENRY) to Network and Learn about Real Estate Investing. Founded by Michael Hyun
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50 contributions to The HENRY Investor
6d ago in
Google Template: STR Property Calculator with Bonus Depreciation
Hey y'all thought I'd share my Creative Finance STR Underwriting spreadsheet: 1. Template for underwriting STR deals accounting for all expenses and considerations 2. Bonus depreciation write off calculator based on your annual income, filing status, and property purchase price tinyurl.com/ryanyee-sheet It's a bit hard to follow and don't have time to do a full tutorial and write up on it now but thought I'd share.
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New comment 3d ago
1 like • 6d
This is gold! You mind if I copy this and use it as a resource?
0 likes • 3d
@Ryan Yee
6d ago in
DEAL ANALYSIS TONIGHT @ 6PM
We’ll be doing a deal deep dive for two properties. One that I’m in contract for - and another that Thomas is in contract for! Hopefully this will help you guys analyze these deals better. See you all at 6pm PST!
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New comment 5d ago
1 like • 6d
@Thomas Kim hopw you can make it!
1 like • 5d
@Sarah Lee posted the recording!
5d ago in
REPLAY FOR DEAL ANALYSIS
Post any questions in this thread! I suggest watching on 1.5x speed BTW
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New comment 5d ago
1 like • 5d
@Thomas Kim I also realized - make sure you check your property tax bill for that property. Usually the land value for properties in CA can be much higher - meaning less tax benefits. Check with the cost seg guy. sam@resurefinancial.com Ask him for an cost seg estimate on this property. I usually do this on the first day I get into contract.
6d ago in
Question on REP status
Hi. I have an active real estate license in California but don’t really do deals with it. Can I still use it somehow to gain REP status? What work qualifies for it to document? Like viewing properties? Thanks!!
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New comment 6d ago
0 likes • 6d
https://www.irs.gov/publications/p925#:~:text=Risk%20Rules%2C%20later.-,real%20estate%20professional,-Generally%2C%20rental%20activities
0 likes • 6d
You need to spend 750 hours in a real property trade or business. Time spent showing homes, writing a contract, etc. if you have a full time job already - I would t try to claim REPS. Usually the spouse gets it while the other stays W2.
Aug 22 in
JUST JOINED? ☞ START HERE
1. Download the mobile app (Skool) 2. Mark Emails from this Skool as "Important" 3. Visit the Calendar page and add events to your Google Calendar 4. Sign up for the Monthly meetup 5. Write an Introduction Post in this thread 👇🏼👇🏼👇🏼 - name, origin, and your reason for joining. Now, Let's get some deals done!
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New comment 5d ago
0 likes • 7d
@Sandy Jandhyala welcome sandy! Happy to have you and let’s get you a deal!
0 likes • 6d
@Monika Bastidas join the live call tonight!
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@michael-hyun-9870
Building a community of other HENRYs and buying as much real estate as possible!
Active 3h ago
Joined Aug 22, 2024
San Francisco Bay Area
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