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31 October 2024 | 4 replies
We were fortunate to get the ball rolling fairly quickly and only have to fork out 1.5 months of mortgage on our own. my partner thinks he can do all the taxes for the home and depreciation on turbo tax, as that’s what he’s been doing forever since he’s a w2 earner.
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31 October 2024 | 10 replies
I'm fairly certain the listing group is also the property manager so I'm not sure if that's a pro or a con.
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1 November 2024 | 5 replies
Yes, this is fairly common.
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1 November 2024 | 22 replies
Irs determination “You're considered to use a dwelling unit as a residence if you use it for personal purposes during the tax year for a number of days that's more than the greater of: 14 days, or. 10% of the total days you rent it to others at a fair rental price.”
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30 October 2024 | 6 replies
Quote from @Celia Moore: Our site is fairly big, holds lots of information.
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3 November 2024 | 11 replies
I'm thinking Sherwin Williams Alabaster (SW 7008) and white windows, and it's fairly common and well reserved in our region.
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29 October 2024 | 0 replies
Assets identified in this study include:Kitchen Appliances: Refrigerator, microwave, garbage disposal, range hood and dishwasherLaundry Appliances: washer and dryerElectrical and communication systems: Specialized equipmentCustom Cabinetry, Countertops and shelvingInterior Finishes: wood flooring, carpet, and decorative light fixtures.61.64% of the total depreciable basis was classified as 27.5-year class life.
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31 October 2024 | 0 replies
I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).
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31 October 2024 | 1 reply
Cash Flow is fairly good in most areas.
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29 October 2024 | 16 replies
- **Stay Engaged**: Keep the lines of communication open and express your continued interest in the property, even if he needs time to think it over.By approaching the seller with empathy, clear benefits, and a willingness to listen, you can effectively plant the idea of seller financing and potentially create a mutually beneficial arrangement.