20 August 2024 | 13 replies
Michael is correct, you would want to ensure that a cost segregation study / bonus depreciation would actually reduce your tax burden before you get a cost seg done.
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20 August 2024 | 11 replies
However, you’ll need to carefully assess the cost of repairs and ongoing maintenance to ensure it doesn’t eat into your returns.Appreciation vs.
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20 August 2024 | 11 replies
They will not only be able to guide you through the process but also provide you with resources to ensure you have a successful journey.
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19 August 2024 | 8 replies
Are you both on the mortgage or how do you ensure you get the correct % of ownership?
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18 August 2024 | 2 replies
I believe I can demonstrate that the property was originally used as a two-unit dwelling, which could strengthen my case.I want to ensure this deal is still viable and that securing the proper permits is realistic, as my financial projections are based on this being a multifamily property.
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20 August 2024 | 21 replies
Just keep in mind that emergencies can happen, and it’s important to have someone local who can step in if needed.If you do decide to manage the property yourself, you might want to set up clear communication protocols with your tenants and ensure you have reliable contractors lined up for any potential issues.Good luck with your decision, and I hope your move abroad goes smoothly!
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20 August 2024 | 81 replies
Again, if its not being reported that's great for your credit but cover yourself for any balance that may be owed by ensuring its not in the documents for the DIL.
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18 August 2024 | 4 replies
It also means that your renters will want to vet their subletters carefully to ensure they get their security deposits back, etc.
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18 August 2024 | 3 replies
You will have to read that to understand.We always switch our tenants over to our lease at the earliest moment possible to ensure all of our tenants are operating under the same agreement.
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18 August 2024 | 6 replies
If the deposit is double the rent, you could; but I'd do an inspection now (and after they move out) to ensure there is no major damage.