Melanie Baldridge
"Does the IRS require site visits for cost segregation studies?"
13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.
Jonathan Greene
Calling Out The Welcome Trolls, The Cut and Pasters, and AI Posters
16 November 2024 | 32 replies
Want to be an official moderator for us?
Shawn Tuma
App/Services for Landlords
14 November 2024 | 8 replies
As a young self-managing landlord, I feel like it makes collecting rent look and feel more "official" so I am taken seriously... and my tenant set up autopay (score!)
Scott Trench
Syndicator Threatens LPs for Negative Comment about them On BP
26 November 2024 | 86 replies
@Scott Trench I volunteer the full resources of myself, team, network and lobby powers with associates in facilitating any/all of these actions you deem required to take.
Christopher Cole
Separate mail boxes for new duplex
11 November 2024 | 20 replies
Perhaps there was a more official way to deal with it, but this worked fine :)
Sean Anthony
Jeff Swiecicki / JBS Realty - Fraudulent Realtor and Property Manager
20 November 2024 | 28 replies
On 5/15, which is after our official termination date of 5/14, I requested next steps on getting funds and clarification on outstanding accounting items.
Lisa Laursen
Mid-Term Rental Cancelation Policy - what do you do if a tenant shortens their stay?
14 November 2024 | 8 replies
However, government officials, pandering to populist sentiment, hold landlords to standards and responsibilities far more restrictive than any other business.
Vito DiIenna
Confirming Legal Status of a Multifamily Home in NYC
13 November 2024 | 7 replies
@Vito DiIennaWhile I have not had to get a Letter of No Objection myself, if I had to do it, I would go right the the DOB, go into the Office that you can get an official Cert of Occupancy and ask them what is the procedure to get the letter.Normally, you will need to provide evidence.
Mitchell Coles
Prime Center City Gem: High-Yield Investment on Locust Street
10 November 2024 | 0 replies
This casual conversation turned into a unique opportunity, allowing me to connect directly with the owner and negotiate a fair deal before it officially hit the market.
Kylie A.
WHATS YOUR WHOLESALING PLAN WITH NEW LAWs
12 November 2024 | 26 replies
The big wholesaling shops in our states are spending their own resources to actively lobby for wholesaling to prevent it from being banned.