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14 May 2024 | 21 replies
'A' is relatively newly built with a full amenity package: typically resort level pool, fitness center, dog park, in unit washer and dryer, playgound(s) if mostly family area, maybe covered parking/garages, etc.
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16 May 2024 | 25 replies
If a taxpayer does not satisfy section 6.01(1)(a)(i) of this revenue procedure for an item of depreciable or amortizable property because this item of property is placed in service by the taxpayer in the taxable year immediately preceding the year of change (“1-year depreciable property”), the taxpayer may change from the impermissible method of determining depreciation to the permissible method of determining depreciation for the 1-year depreciable property by filing a Form 3115 for this change, provided the § 481(a) adjustment reported on the Form 3115 includes the amount of any adjustment that is attributable to all property (including the 1-year depreciable property) subject to the Form 3115.
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16 May 2024 | 17 replies
Think of it as freeing up about $150,000 in investment buying power that will pay you far more down the road.
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16 May 2024 | 14 replies
@Yocheved BeerTypically noIt’s the power of purchase price or appraisal is what lenders go off of
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15 May 2024 | 6 replies
These forums are even more powerful because you'll connect with folks who are learning about and/or implementing the same things mentioned on the podcast.3 suggestions:1.
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15 May 2024 | 10 replies
I highly recommend investing close to home because of the great Chicago Real Estate Investing.I love the book Mindset, The One Thing, The Power of Now -> all more mindset books but I believe in mindset first and then investing!
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15 May 2024 | 7 replies
The BRRRR method is a powerful way to scale.
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15 May 2024 | 8 replies
You should be able to get 20% down on 1-4 units not 30%, which would stretch your dollar further as far as purchasing power but the leverage will lower your cash flow.
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14 May 2024 | 2 replies
On the 3 acre 1216 sqft there are already 3 septic and power are already there and well water.
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14 May 2024 | 6 replies
Analytical skills and research skills aid greatly in determining costs, value add opportunities, negotiation points.