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21 November 2024 | 14 replies
If you do not know how to control money well, adding more to your bank account will only create new problems.
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19 November 2024 | 2 replies
Assets identified in this study include:Building Systems: plumbing, HVAC and electrical distributionInterior Construction: flooring, drywall partitions and ceilingsStructural Components: doors, roofing, windows and wallsPermanent Fixtures: emergency lighting, restroom fixtures and signageThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
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18 November 2024 | 14 replies
Of course the co-signer should be significantly stronger in ALL areas as compared to the applicant...usually this is a parent or relative, and they should be well established, with ownership of real estate for years; long and stable employment; no, or very distant, criminal and traffic court records; well funded SAVINGS/IRA's or stock market accounts.
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24 November 2024 | 11 replies
Once ignored my own rule and, well, let's just say my accountant wasn't thrilled.Have a Clear Exit Strategy: Knowing whether you want to flip, rent, or hold onto the property helps steer your decisions.
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18 November 2024 | 9 replies
Trusts- Make your bank accounts TOD time of death.
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19 November 2024 | 23 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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9 November 2024 | 9 replies
My biggest issue is that I’m using personal funds as owner contributions to these accounts and money moves from account to account on a consistent basis, so I’m trying to be diligent in proper accounting.
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18 November 2024 | 4 replies
DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used.
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21 November 2024 | 18 replies
(Broker, Property Manager, RE Attorney, Accountant etc.)
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18 November 2024 | 12 replies
Maybe you have access to a HELOC, or you have access to a brokerage account you can pull from.