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18 February 2025 | 11 replies
Additionally, wages sent directly to a church are not considered charitable contributions—to qualify for a deduction, the employee must receive the income first, pay taxes on it, and then donate to a qualified 501(c)(3) organization while itemizing deductions.The IRS closely scrutinizes arrangements that appear to shift tax liability, and if deemed an attempt to avoid taxation, both the employer and worker could face serious legal consequences.
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23 February 2025 | 1 reply
The additional bedroom adds to both the rental value, and significantly to the appraisal value, obviously.Given it's priced as if it's a 2 bedroom and not a 3, it seems like a great deal.
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22 February 2025 | 22 replies
It typically pays out actual cash value (ACV) for damages.DP-2 (Broad Form): DP-2 policies provide more comprehensive coverage than DP-1, covering additional perils like burglary, freezing pipes, and falling objects.
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22 February 2025 | 1 reply
Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.
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26 February 2025 | 0 replies
During due diligence the seller also replaced the water heater and agreed to an additional $5,000 seller credit at closing.After crediting the commission and seller credit the final purchase price including closing costs came out to just over $190k.
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26 February 2025 | 4 replies
.- Two locks on a door really don't provide any additional security.- Cheaper as only have to rekey/replace deadbolts.- Tenants can't lock keys in their home.3) Our locksmith created a Master Key system with 10 key option.- One master key opens every door- We go 3 levels under our master, so we can submaster 2-4 unit houses and apartment buildings- Don't need a costly and difficult to secure & track keybox.
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21 February 2025 | 5 replies
I have a template that I use that includes projected income and projected expenses and I run the calculation myself, but if you like ones that do it all for you in addition to what has been mentioned above AirDNA has one as well.
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18 February 2025 | 0 replies
Added a new cistern for water and added a shop bathroom in addition to completing the apartment.
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27 February 2025 | 25 replies
Additionally, develop some real estate metrics so that you may measure markets evenly and objectively.
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25 February 2025 | 23 replies
But overall it looks like a great looking place and a nice addition to your rental portfolio.Good Luck!