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5 September 2024 | 2 replies
I don't know anyone as a consultant personally, but an outstanding resource is PM Build with Marc Cunningham.
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10 September 2024 | 7 replies
As mentioned residency 2:5 goes a long way in helping assuming 250/500 or less Btw the 500 consult fee you would pay a CPA is work every penny.
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11 September 2024 | 18 replies
This allows you to deduct the full cost in the year it was placed in service.Fences are not eligible for the Section 179 deduction as they are considered land improvements.Given this information, you have two main options: 1) Take advantage of bonus depreciation (if eligible) and deduct the full $4,200 in the year the fence was installed.2) Depreciate the fence over 15 years using the appropriate depreciation method (likely GDS).To ensure you're making the best choice for your specific situation, I recommend consulting with a tax professional who can review all aspects of your rental property finances and advise you on the most beneficial approach.Please feel free to reach out if I can be of any help.Best,Jackson
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10 September 2024 | 10 replies
Make sure you’re clear on those and consult with a tax advisor to confirm your assumptions.
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9 September 2024 | 21 replies
If you have a reliable trust-worthy agent who has connections in most markets you don't need a PM.
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10 September 2024 | 6 replies
It’s advisable to consult with a real estate attorney to ensure all documents are comprehensive and legally sound.
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9 September 2024 | 3 replies
I’ve learned to start the permitting process early and keep a close eye on inspection timelines to avoid bottlenecks.It can be difficult to find contractors who are not only skilled but also reliable and available when you need them.
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8 September 2024 | 2 replies
I’d love to hear your experiences on where and how to effectively conduct these searches.What tools or resources have you found most reliable for uncovering any liens, encumbrances, or issues that could affect the property title?
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8 September 2024 | 0 replies
Foster Accountability: They ensure everyone is accountable for their actions, reinforcing a culture of reliability and commitment.10.
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10 September 2024 | 21 replies
Then from there I would build your CORE 4 with a reliable Realtor, Contractor, Attorney, and Property Manager