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18 October 2024 | 7 replies
Installation Costs and IncentivesAverage Cost: Residential solar systems typically cost between $15,000 to $25,000 before incentives for a 6kW system (suitable for an average home).Incentives: Illinois offers substantial incentives, including:Federal Tax Credit: A 30% federal tax credit applies to system costs.Illinois Shines Program: Provides Solar Renewable Energy Credits (SRECs) that homeowners can sell for additional income.Net Metering: You’ll receive credits for any excess energy your system produces, reducing your utility bill.2.
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18 October 2024 | 29 replies
I'm Italian, and originally from North Jersey/NYC area so we just send out some guys that specialize in knee cap alterations 🤣.Ok, more seriously, I personally believe in responding to reviews both positive and negative because it builds a critical body of work such that when you do respond to negative reviews it doesn't look out of place.
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26 October 2024 | 50 replies
After receiving all these valuable inputs from this post we are heavily considering finding a new PM (open to suggestions).
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18 October 2024 | 16 replies
You would only receive the full amount of losses in the year of a sale.
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16 October 2024 | 3 replies
I was someone lucky enough to receive a trust fund from my parents after they pasted away.
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17 October 2024 | 26 replies
Find out what a typical nightly rate is for your area (not what air bnb charges, the actual nightly rate the owner will receive not including the cleaning fee).
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16 October 2024 | 10 replies
After she received the stop worker order she stopped responding and pulled all of the contractors who were working on the job.
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17 October 2024 | 1 reply
Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.
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16 October 2024 | 1 reply
If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!
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17 October 2024 | 4 replies
The downstairs receives some heat/AC from the other side since the place was one house at one point and only had one furnace.