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10 February 2025 | 24 replies
I signed up for something on Ron LeGrand's web-site (the free access portion).
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27 February 2025 | 13 replies
I tried to research the best and most user-friendly PM site that did not charge a fee to maintain a property, being that it was my first one and I was self-managing and not using a PM.
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10 February 2025 | 0 replies
Here’s a breakdown of some of the information you may need to provide for a cost segregation study.For existing buildings:List of equipment on the propertyProperty settlement stateAny appraisals or purchase/lease agreements Property maps or blueprintsSchedules, change orders or documents for future renovation plansSupporting documents for calculating real property book valuePrevious purchase price allocations that separated assets into their appropriate allocation and valuePast site inspections and photographsDocumentation that proves or records deterioration of assetsFor new construction:Contracts or contract paymentsLand and property sizeBlueprints of projectList of equipment involved or purchasedList of projected costs including costs for land developmentApplicable site inspectionsConstruction schedules and payment requestsPhotographs of completed assets or work in progressCost segregation specialists typically have an organized plan for the collection and analysis of the information provided.
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7 February 2025 | 9 replies
A CPA can ensure proper filing of rental income on Schedule E and help identify tax-saving strategies, such as optimizing deductions for maintenance, repairs, and travel.
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5 February 2025 | 38 replies
Beofre I consider an unsecured loan, I would love to hear if anyone on the site has any stories good or bad to share.
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9 February 2025 | 4 replies
Quote from @Dinesh Nair: I am a Canadian investor with a US corporate entity- we closed on our first property and now working to find financing through a lender… however rates keep changing all the time.. is there a site to track rates ?
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5 February 2025 | 13 replies
i don't know how you BRRRR out of state unless you're planning on traveling there frequently to oversee it.
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3 February 2025 | 27 replies
I'm sure there will be others with their own (and possibly conflicting) opinions, but for question #1, I always advise my clients to focus on properties in areas that 1) they currently (or previous) live in/near, 2) they travel to frequently, or 3) they have family/friends in the area.For question #2, the answer is going to depend on what you do for #1.
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26 February 2025 | 1 reply
We closed on one piece of land in Columbus Ohio for a 54 unit apartment hotel project (bookings under 28 days permitted) and we have a secondary site which is under contract to close in June.
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8 February 2025 | 29 replies
But if you plan to travel back and forth, just make sure you that the people you have working on your property are highly reputable and trustworthy.