
23 January 2025 | 5 replies
You will probably run into some issues and need to budget for that.You budgeted 5k for unforeseen expenses on a 4000sft home.

25 January 2025 | 12 replies
Be warned - getting a short term rental to market is expensive, stressful, and exhausting.

23 January 2025 | 39 replies
I think they're probably paid part of the signup fee.

30 January 2025 | 62 replies
And best part, all the offsets to it could readily make it a net-0 added expense to tax payers.
20 January 2025 | 6 replies
But they are usually a bit expensive I believe.I would also go to your local REIA and ask around there.

2 February 2025 | 9 replies
As in, "OK so you acknowledged all that is wrong means you'll let me out of my lease, but now I've had to move twice, can you cover my moving expenses?

19 January 2025 | 5 replies
My company has gone through 3 dishwashers in the last 12 months and it has been an added expense.

13 January 2025 | 8 replies
The seller has considered seller financing with 20% since this is a paid off property.

21 January 2025 | 2 replies
This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.

11 January 2025 | 15 replies
(other issue was a leaky toilet we took care of, at our expense).