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24 November 2020 | 17 replies
Items that I like to see original but in good condition are wood trim/custom finishes, windows (really love sagging glass in an old English Boroque style sash window with 6-8 panes, but only if they’re in decent condition and not too rotten to be repaired), fireplaces, custom masonry, claw foot tubs, and even tile/bathroom/kitchen features and fixtures as tenants love that old-timey charm (as long as it’s well-cared for and still functional of course).
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25 November 2020 | 6 replies
@Scott Wolf Jumping over to our local Casino almost has as much odds of success as local Development success given the strains on cost of construction in North Bay.
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5 December 2020 | 3 replies
The old single pane aluminim frame windows somebody had drilled holes along the bottom of the frames, which let all the water hitting the windows drain into the wall.
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10 December 2020 | 3 replies
While a residential property normally gets a strain-line depreciation over 27.5 years, a 1250 property has a straight-line depreciation that lasts for 39 years.With cost segregation, you can depreciate interior and exterior parts of your property over 5, 7 or 15 years.
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15 December 2020 | 2 replies
The record increase in coronavirus cases has put more strain on the U.S. economic recovery, with many cities and states reimposing restrictions and some businesses being forced to sideline workers again.
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14 December 2020 | 1 reply
. — consumers are spending more on Goods (laptop, workout equipment, appliances, etc.) in addition to saving their money for the unknown.Online retail sales is a notable reference outlining the uptick in “Goods” spending with a +2.7% YOY increase in spending.(2)People are also spending more money fixing up their houses, which is putting strain on supply of materials pushing the price of lumber and other building material up.Austin’s Real Estate & Economic Landscape Doing Okay?
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15 December 2020 | 6 replies
Hello BP panel,I have a question about capital gain taxes -I recently sold my (3) multifamily properties, netting me about $500-$800k.I started with the intention of conducting a 1031 exchange (still ongoing with escrow and exchange accommodator) As I have not been able to find anything appealing in the current market (San Diego CA) I'm tempted in exploring the option of keeping my gains cash and look patiently for an opportunity.However I'd have to pay taxes on my gains -could anyone recommend q strategy or an experienced CPA how can review my case to minimize tax payments.
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23 December 2020 | 17 replies
Now, if the money you're losing on the property every month is putting a strain on your finances, I might cut ties, but if you can hold, it should do well over time in terms of appreciation.also, have you used the VA IRRRL to reduce your interest rate and PITI costs yet?
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22 December 2020 | 15 replies
Anecdotally I've received a few emails from my alma mater indicating they're cutting back on employees due to financial strain (reduced admissions?
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20 December 2020 | 2 replies
I also ordered an independent inspection which found multiple issues like electrical wiring, water damage in basement, broken dual pane window (fogging), cracks in garage floor any much more.