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Results (1,167)
Julio Gonzalez Deductible Repairs vs. Capital Expenditures
24 May 2022 | 6 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.
Caitlin Daniel What direction to go
10 May 2021 | 4 replies
On the other hand, putting too much into only building connections will probably prolong my road to financial freedom.
Christy Philippoff What do I do if my renters won’t move out?
5 October 2021 | 35 replies
@Christy Philippoff great advice already offered but I would add whatever you do, don’t prolong it and put it off.
Craig Starger Preparing to inherit properties in really bad shape. Advice?
22 May 2021 | 8 replies
Focus on making their house safe and comfortable and you will also be investing in your inheritance...and prolong their stay at home vs assisted living which is very expensive.
Hannah Paitchel New Investor Trying to Find a Market
18 October 2021 | 53 replies
Ohio real estate was depressed for a prolonged period of time.
Alberto Nikodimov Important Questions for Property Managers and Seasoned Investors!
17 July 2021 | 3 replies
.· Regular inspections and maintenance which save investors money and prolong the life of AC, appliances, water heaters etc.· Using great vendors who only go out once, complete the job and guarantee that if anything goes wrong, they will be back to fix it. · Better rates from vendors because they have large volume of work for them and get special treatment.· Quick turns when property becomes vacant, quality work at reasonable rates.· Saving money for their investors.· Providing great experience for tenants and realizing that a happy tenant is the key for a successful investment.· Help plan repairs and keep you updated on upcoming repairs in the near future.· Willing to admit they made a mistake and correct it.· MOST IMPORTANTLY - Manage the investment not just the property – maintain the asset in optimal condition, constantly increase cashflow, limit liability and avoid issues with the investment.1st Type of Owners/Investors:· Appreciate the work done by their property management team.· Pleasant to work with.· Treat the relationship as a partnership.· Extremely diligent in their initial search for property management companies.
Marina Pina HELP! How important is the appraiser? Appraisal topic
26 August 2021 | 3 replies
Let the lender know that this is totally unacceptable and that you're not willing to pay for an appraisal from a substandard appraiser NOR are you willing to prolong the process which could put your escrow at risk should you need to cancel the contract. 
Jacob Mayfield Starting at 18 with real estate and car flipping.
2 September 2021 | 3 replies
Building a down payment and a reserve fund may prolong your time window to "be ready" to invest but it will certainly make your investment more productive and promote success.
Jamie K. Sell my new rental for a 30k profit or keep renting??
18 January 2022 | 76 replies
I am leaning towards you keeping It what you'd make on the sale would be minimal at this time and if the roof is headed towards replacement you might be able to prolong it 3-5 years with a tune up vice a full replacement for like 2,000-3,000.
Tameika Craig I have an property under contract and an difficult seller
22 September 2020 | 1 reply
I asked him if I could speak with his attorney he has not responded I'm thinking he is trying to wing the contract out prolonging the process please help.