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Results (10,000+)
Melanie Baldridge "Does the IRS require site visits for cost segregation studies?"
13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.
David Cherkowsky Do I need a partnership LLC to depreciate and write off expenses on a rental property
17 November 2024 | 30 replies
Quote from @David Cherkowsky: @Basit Siddiqi@Andrew Strauss@Katie RippI received the following response:"The more active income you earn, the less you can deduct from your rental property due to the phaseout of the Passive Activity Loss deduction.
Melanie Baldridge Understanding your depreciable basis:
13 November 2024 | 2 replies
I just started following you,Janet
Bruce Lynn Everyone wants to buy a foreclosure until they get to see inside the property
1 December 2024 | 134 replies
No plans to stop. one of these days I want to chase and follow the Bruce adventure LOL just for some fun lol
Amanda Gauthier Property Management in Akron
19 November 2024 | 21 replies
They ask you to use buildium to look at everything, but buildium doesn’t give you an easy to follow way to see subtractions from repairs or marketing fees that they charge.
Brennan Vaughn managing properties with Doorloop software
15 November 2024 | 10 replies
Following this.
Jay Hinrichs How U.S. can lower housing prices? And Could Trump look at Broker model as Broken?
20 November 2024 | 45 replies
History has well proven this out time and time again. 
Matt Durik Ideas on best company to do background checks on prospective tenants
14 November 2024 | 6 replies
This screening includes the following reports:Credit ReportFelony Convictions ReportEviction ReportWe can also provide additional screening services such as the ones listed below:Employment Verification ReportPersonal Reference Verification If you contact her. 
Michael Williams Mortgage Note Syndicator Not Communicating
23 November 2024 | 26 replies
The next steps are obtaining the Judgment, followed by setting a sale date.
Joe C. How do I find local groups to meet up with?
13 November 2024 | 2 replies
Joe - I would suggest you consider the following:- Google "REIAs" in your local areas.- Search Meet Up App to see what meetings/meet ups are nearby.- Post on craigslist asking about networking with other real estate investors. - I would search Bigger Pockets for members in VT and ask them their thoughts.Greg