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23 October 2024 | 11 replies
I would tell her the home isn't meeting her standards, so she should pack up and leave.
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22 October 2024 | 7 replies
The many bad advice on this platform are mostly in part attributed to "AI" making everyone look smart but the few true ones like you would greatly benefit from a natural conversational interface tool that refers people to you for your quality advice.I remain a cautious, optimistic skeptic but open to embracing what the future holds.
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20 October 2024 | 2 replies
Demand, quality of tenants, etc.According to my analysis should give a 12% CoC return but this is my first commercial property purchase just like some insight or if I should pursue other forms of commercial real estate.
22 October 2024 | 9 replies
Keep in mind, if there is enough depreciation (IRA can't take the bonus depreciation, need to use standard depreciation schedule), that depreciation might negate any positive income.
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21 October 2024 | 5 replies
I'm not making that up, that's the qualification standard that's applied.
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22 October 2024 | 12 replies
A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.
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22 October 2024 | 14 replies
Since you posted this under "house hacking", then you might be looking for a standard type of financing.
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23 October 2024 | 15 replies
The same applies to your financial health when it comes to taxes.Remember, when you pay for quality CPA services, you’re not just paying for tax compliance; you’re also paying for advisory services that help you make the best financial moves and tax strategies.
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22 October 2024 | 7 replies
You don't cash flow a lot (and in some areas you may not cash flow), but over time the tenant pays down your mortgage and (hopefully) the house appreciates in value.Go for quality over quantity (ie don't buy a cheap home in a bad area.
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22 October 2024 | 8 replies
•Spreadsheet Formula:•While there’s no standard spreadsheet, you can create one using the following steps:1.Determine Original Roof Cost: 2.Calculate Accumulated Depreciation: Based on the original roof cost and the number of years it was in service.3.Calculate Remaining Basis: Original roof cost minus accumulated depreciation.Note: TurboTax may have limitations with complex entries like partial dispositions.