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18 October 2024 | 16 replies
Depreciation helps reduce the taxable rental profit, potentially bringing it to zero or even creating a loss, which can carry forward to offset future rental income or other capital gains.For high wage earners, other tax strategies could include leveraging cost segregation studies to accelerate depreciation on rental properties through bonus depreciation, taking advantage of tax-deferred exchanges (like a 1031 exchange), or maximizing deductions related to property expenses (mortgage interest, property taxes, insurance, repairs, etc.).
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16 October 2024 | 11 replies
I suppose it is possible to do it yourself but do you really want to close on a property without title insurance?
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18 October 2024 | 4 replies
This is what the site is made for, as well as for insurance displacement, travel nurses, etc.
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19 October 2024 | 14 replies
It's not uncommon for Class A rentals to negative cashflow for the first 3-5 years, until rents increase at a higher rate than taxes & insurance increase.While this can be an unpleasant situation, Class A properties tend to appreciate the most and attract the best/easiest tenants.
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16 October 2024 | 9 replies
The actual insurance premiums in PA are regulated by the state with some exceptions (most notably approved attorneys).
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16 October 2024 | 6 replies
Do you maintain the correct types of insurance and adequate amounts of insurance?
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15 October 2024 | 6 replies
Electrical or plumbing need moved?
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15 October 2024 | 24 replies
Did you hire a public insurance adjuster?
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18 October 2024 | 15 replies
Rent collected way under fees paid lease, extra utility charges to me, management fees, taxes, insurance, do not even come close.
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15 October 2024 | 6 replies
Hello fellow homebuyers,I recently made an offer on a house with an inspection contingency covering the roof, foundation, electrical, plumbing, backyard fencing, and pest infestation.