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14 January 2025 | 28 replies
My CPA provides his clients with a spreadsheet that includes tabs, detailed instructions, and videos on how to use it.
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10 January 2025 | 16 replies
Also, you don’t need a business license just to look at properties, but if you buy a bigger property, like a multi-family unit, you might need a certificate of occupancy, depending on the local rules.For business trips, most expenses can be deductible, but if it’s part personal and part business, you can only deduct the business portion.
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8 January 2025 | 20 replies
Selling before death would be a costly mistake - you did not explicitly state this was not a multi family but it seems likely from your description.
2 January 2025 | 11 replies
Do I receive video of my pre and post make ready?
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2 January 2025 | 37 replies
However, if the deal isn't good, they will tell them why.That last part is a great point.
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29 December 2024 | 30 replies
I plan to invest into smaller multi-family 2-5 unit turnkey properties.
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7 January 2025 | 6 replies
This applies both to single-family residences and multi-family buildings.Non-residential HVAC systems, such as those in office buildings, warehouses and shopping centers are eligible for bonus depreciation.
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13 January 2025 | 25 replies
Welcome to the party Rebecca!
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26 December 2024 | 3 replies
It seems like a win-win, especially with the simplified approval process and flexibility for multi-generational housing.
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6 January 2025 | 5 replies
DSCR or Fannie/Freddie loans can go up to 75% on single family homes, multi family homes (2-4 unit) max at 70% if you stick with Fannie/Freddie.Other things to consider would be:Paying points for a lower rate vs higher rate with no pointsIf going DSCR - Prepayment penalty term (0-5 years)The lower the loan size ($200-250k and lower), you should consider paying up to 2 points and doing a 5 year prepayment penalty if going DSCR.