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2 October 2024 | 71 replies
I purchased a property originally for myself but have decided to build a duplex and rent it out. on the second half of the property have plans for a 6-unit building.
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1 October 2024 | 15 replies
It allows you to write off the remaining value of the original roof, while putting the new roof into service for depreciation.It’s advisable to push for the partial disposition to maximize your tax benefits, even though the insurance proceeds themselves are not taxable.
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1 October 2024 | 24 replies
Originally posted by @Elizabeth M Gunther:Hi all, Just wondering if anyone has had a good experience with a property managment company in Detroit?
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28 September 2024 | 11 replies
Originally posted by @Ram Batchu:Hi Everyone, One more Canadian Investor interested in investing in USA :-) I have gone through some profiles of Canadians and I see that they are living in US.
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30 September 2024 | 16 replies
Originally posted by @Stacy Petty:Great to know Max, as I’ve never looked into Georgia, though it is where I am based.
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24 September 2024 | 9 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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28 September 2024 | 2 replies
I've had several bids, all much higher than the original, unrealistically low contract price, with of course a lot of variety in the price, experience, and track record of various builders.
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30 September 2024 | 11 replies
This is not a "real estate rental income" activity as defined by the IRS, so whether you are a REP or not, you can take this benefit.All of this is separate from a QOZ Investment, which would require you to first recognize a capital gain from another source (say a stock sale), invest that gain, hold it in a Corporate or Partnership structure (likely partnership), meeting the substantial improvement qualifications of being a QOZB, and then yes, you get to avoid the depreciation recapture at the end of the 10 year hold period, at least for the portion of your investment attributable to the original gain that you invested in the project.
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29 September 2024 | 13 replies
My question: In the original lease it states to make payments via check or money order to the Property management office.
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29 September 2024 | 13 replies
You can read the whole saga and a roundup of the many different accounting and property management platforms I looked at over at my original post.