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25 September 2024 | 17 replies
Use the profit ONLY to pay off debt, and keep investing the principle.
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26 September 2024 | 11 replies
Last cleaning cycle, I had two of my properties with disconnected/damaged vent ducts that essentially vented the dryer into the basement (in one case) or the attic (in the other case).
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25 September 2024 | 6 replies
These connections will be essential as you begin identifying growing markets, securing land deals, and navigating new construction loans or cash investments.
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25 September 2024 | 5 replies
You can already write off expenses like mileage and meals as a sole proprietor, which is essentially what you’re doing now.For BRRRR, keep in mind that refinancing a property owned by an LLC can be more difficult, as many lenders prefer to deal with individuals.
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27 September 2024 | 14 replies
Also they remove the need for a chimney and individual water heaters since the exhaust is essentially moisture. our HVAC does most of their work in the city if you want contact info- He's installed 3 for us just this last year lol In basic terms It would involve:-Permits / approval-Additional Meters X 3 (all thru UGI, they coordinate with contractor)-3 additional units to accommodate each apartment.
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25 September 2024 | 0 replies
While this term might sound like a positive development, it is essentially a rebranding of the traditional "Price Reduction."
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26 September 2024 | 7 replies
There essentially the same.
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24 September 2024 | 7 replies
@Drago Stanimirovic thank you, and you are right I will probably do cost segregation studies at some point, but so far I have still been able to get to a loss on my taxes using the straight line 27.5 year depreciation schedules, I will probably do the cost segregation studies once I can't show a loss anymore, which will happen at some point as the rents increase and the amortization schedules shift to more principle and less interest.
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25 September 2024 | 10 replies
I cannot recall rate we pay - but essentially answer is you still pay.Also the 250k/500k primary deduction is prorated as well depending on how long rental vs primary.
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24 September 2024 | 1 reply
Home Light is a company that will essentially loan you money against the equity in the house you re selling.