John Ahmuty

Insurance Professional, Investor in Real Estate Related Products with emphasis on Residential Notes

[Ray Dalio @RayDalio]

People who achieve success and drive progress deeply understand the cause-effect relationships that govern reality and have principles for using them to get what they want. The converse is also true: Idealists who are not well grounded in reality create problems, not progress.

What does a successful life look like? We all have our own deepseated needs, so we each have to decide for ourselves what success is. I don’t care whether you want to be a master of the universe, a couch potato, or anything else—I really don’t. Some people want to change the world and others want to operate in simple harmony with it and savor life. Neither is better. Each of us needs to decide what we value most and choose the paths we take to achieve it.
#principleoftheday

[Marcus Matthews @GaTechAlum_IE92]

@grace_za @BowTiedBroke @grok what is recapture in relation to real estate and depreciation?

[BowTiedBroke @BowTiedBroke]

This is what the YouTube gurus and real estate agents pushing cost segs with Airbnb’s don’t tell you about. And wait until you find out what a 1099-C is.

[BowTiedBroke @BowTiedBroke]

For the real estate folks who understand this: Cost Segregations that were PUSHED on many newbies entering the real estate market (mainly Airbnb) in 2021-2023 are now becoming the biggest nightmare for those buyers as they try to exit their non performing properties. That massive depreciation they took against their income back in 2021 now needing to be paid back in the form of depreciation recapture.

I know some folks who paid $1.5 million for an Airbnb that did $200K in rental income in 2022. DSCR loan at 7%. 20% down. Borrowed $1.2 million. Did 100% Bonus depreciation with cost seg in year 1. Now rental is doing $100,000/yr. Losing money each and every month now after paying mortgage, electric, gas, internet, etc. Need to sell, house is worth $1.2
million (maybe) now.

They are faced with not only a large loss for the sale but also the depreciation recapture when it sells. You would be SHOCKED at how many people bought Airbnbs not only for “income” reasons but also because they were told by realtors that they could offset their W2 income by a massive amount in the year they made the purchase.
Chickens are coming home to roost.

[John Ahmuty @Cjcdad0925]

@AwakenedOutlaw Guess who else is in the report? Karen Bass. @spencerpratt

[John Ahmuty @Cjcdad0925]

@VickieforNYC Unfortunately those who did not grow up in NYC at that time will understand the reference and ramifications

[John Ahmuty @Cjcdad0925]

@m3_melody And the BK’s to follow. Already seeing it in our portfolio

[Jamie Metzl @JamieMetzl]

I am a lifelong Democrat. I served on President Clinton’s National Security Council and in the State Department under Madeleine Albright. I am also a lifelong human rights and civil rights advocate.

But every Democrat and every American should recognize that the DSA represents a fundamental threat to our party and our country.

This is not a story about a few idealists seeking to reduce healthcare costs. It is about a small group of radical extremists pursuing a strategy to take over the Democratic Party and ultimately our country in order to impose an agenda that would devastate our economy and fundamentally dismantle our system of government.

Don’t take my word for it. Listen to the full conversation between Fox News’ Martha MacCallum and New York City DSA co-chair Gustavo Gordillo and judge for yourself.

[John Ahmuty @Cjcdad0925]

@ChefGruel Remember the Jack in the Box ecoli outbreak in 1993?

[John Ahmuty @Cjcdad0925]

@RichardGrenell @ufc Did someone ask Spirit Airlines employees about this?

[John Ahmuty @Cjcdad0925]

@AGRobBonta Did someone say Spirit Airlines?

[Elizabeth MacDonald @LizMacDonaldFOX]

150,000 Democrat voters picked Graham Platner in the Maine Democrat primary. Now about 600 Maine Democrat delegates—party insiders—will pick his replacement, not voters. Just as Democrat insiders picked Kamala Harris to replace Biden, not voters. #grahamplatner #GrahamPlatner @grahamformaine @x @eveningedit @FoxBusiness @FoxNews @meta @cbs @abc @nbc @wsj @nytimes

[John Collins @Logically_JC]

"I spoke to my old friend Mitch McConnell this morning, the senior Senator from Kentucky.”

[John Ahmuty @Cjcdad0925]

@m3_melody @MortConsumCoach Seeing sharp increase in lower k of secondary market. Real struggles

[Valentina Gomez @ValentinaForUSA]

Hey @elonmusk could you please activate @Starlink for Venezuela?

A 7.5 magnitude earthquake just hit and communications are down.

God bless you, I hope South Africa wins & that the genocide of White South Africans stops.

[TaraBull @TaraBull]

Earthquakes worldwide today times

M5.6 California – 8:10 AM
M7.2 Venezuela – 3:04 PM
M7.5 Venezuela – 3:05 PM
M6.9 Japan – 3:30 PM

The RING OF FIRE is Active

[John Ahmuty @Cjcdad0925]

@m3_melody Yet Lennar just reported a -75% in net earnings?

[John Ahmuty @Cjcdad0925]

RT @TulsiGabbard: I just walked out of @ODNIgov HQ for the last time. Thank you President Trump - I remain grateful for the profound honor…

[John Ahmuty @Cjcdad0925]

@texasrunnerDFW For staging? Lol

[John Ahmuty @Cjcdad0925]

@texasrunnerDFW And limited partners become losing partners in syndications