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18 October 2024 | 5 replies
We operate a small retail business out of commercial space in the building with the 4 residential units, which pays me a W2 salary and my wife has a part time W2 job at a vet clinic.
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16 October 2024 | 32 replies
Further legislation continues to impact residential RE investments.
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16 October 2024 | 5 replies
I own a mixed use property (4 residential units, 1 Commercial unit) and need to update the lease of the Commercial tenant.
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15 October 2024 | 14 replies
How do I get business credit strong enough to avoid having to personally guarantor commercial or residential mortgages through my business?
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17 October 2024 | 14 replies
It's tough to filter these furnished units out on Zillow and if you don't pay that fee - your listing may not even come up when a potential resident is even using "Furnished" under keywords search option.
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17 October 2024 | 7 replies
I had already worked as a property manager before I started buying residential rentals, so I had the experience first.
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15 October 2024 | 4 replies
I've only dealt with residential at this point but am looking into self storage and on my search for commercial I stumbled upon a car dealership property where the owner is moving out of state and motivated to sell the property.
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16 October 2024 | 11 replies
I'm a mortgage broker that does residential and investment property loans in Florida- happy to connect.
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16 October 2024 | 5 replies
.- Jasper / Pat AboukhaledTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC
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16 October 2024 | 7 replies
The cost basis includes:Purchase Price: The amount you paid for the property.Renovation Costs: Add the cost of improvements and remodels that significantly enhance the property's value.Closing Costs: Certain closing costs related to acquiring the property (like title fees) can be added to the basis.You will then allocate the total cost basis between the land (which isn't depreciable) and the building (which is depreciable over 27.5 years for residential properties).If you're unsure about how to allocate between land and building, you can use the allocation percentage from your property tax records or get an appraisal.This post does not create a CPA-Client relationship.