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9 September 2024 | 7 replies
Bonus depreciation could be a viable strategy to offset your $300K capital gains, but it typically applies to specific property components identified through a cost segregation study rather than the entire residential property itself.
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11 September 2024 | 7 replies
Yes this is a great country :) Hi Dave, Does this still apply to if I did an accelerated depreciation/cost segregation study and "squeezed out" depreciation early?
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9 September 2024 | 7 replies
If you are in a college area, maybe having a study room/den could be interesting with the house pre wired for internet.If you are really set on your buyer being a house hacker, another interesting option for house hacking is to have each room with their own locks, etc.
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4 September 2024 | 11 replies
Good morning everyone,Curious to see if someone could help with the following question:If I perform a cost segregation study for a short-term rental property purchased the previous year, would I amend the return for the previous year or adjust in the year of the cost segregation study?
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12 September 2024 | 21 replies
Studies have shown that the longer a poorly paying or non payment tenant stays in a property, the greater the chance they do purposeful significant damage to the property.
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10 September 2024 | 7 replies
In regards to point 4), you mention the possibility of a tenant living for free indefinitely inside an unwarranted unit, due to the inability of the landlord to enforce rents, and the inability to perform an eviction.It's my understanding that if the Department of Building Inspection (DBI) discovers the unwarranted unit, it's possible for them to force the landlord by law to legalize the unit.
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10 September 2024 | 34 replies
.- Negotiated Solutions: Worked with the seller's agent to determine whether the seller would address the violations or if you would need to assume responsibility, potentially negotiating a price reduction or credit at closing to cover repair costsWhy You Found Out LateThe fact that you discovered the POS violations only five days before closing suggests a lapse in communication or oversight.
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8 September 2024 | 6 replies
We discovered during inspection that the hall bathroom has an alcove for a shower, but no shower installed and the space is too small for a bathtub.
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9 September 2024 | 49 replies
I've been digging all day and discovered that their office address is a virtual location where they just receive mail there.
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9 September 2024 | 5 replies
Talk with a few lenders and they can help discover some options.