Kwok Wong
What to do when no sold comps?
16 November 2024 | 6 replies
., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.
Mary Jay
How to get HELOC/ or other type of loan on a rental?
14 November 2024 | 4 replies
A line of credit is adjustable rate with interest only payments that will have a "draw" period usually of 3-5 years for investment properties (usually 10 years for primary home) then will amortize over the remaining term after the draw period.
Alicia Prokos
Referral for Land Use Lawyer Familiar with Warren County, OH (Cincy/Dayton area)
12 November 2024 | 2 replies
I'm in search of a good land use lawyer who can help me negotiate public infrastructure I am being required to pay for near Waynesville, Ohio (Wayne Twp, Warren County, exurb of Cincinnati/ Dayton) in association with a small subdivision I am constructing.
Suzanne Player
Any experience with a public adjuster in an insurance claim?
1 October 2024 | 7 replies
Has anyone worked with a public adjuster on Long Island (Nassau County or Suffolk County) or in the New York City area to help with an insurance claim?
Gloria C.
Investment property burned down.....
15 November 2024 | 7 replies
Any amount over your adjusted basis in the property (initial cost minus depreciation) could be subject to capital gains tax unless you reinvest it strategically.2. 1033 Exchange (Involuntary Conversion): A 1033 exchange (involuntary conversion) is specifically designed for situations like fire, natural disasters, or eminent domain.
Jamie Hora
10-Acre Subdivision - Project Completion- DFW Area
13 November 2024 | 8 replies
The engineering included public roads, public water, public sewer, and a site lift station.
Laura Casner
Keeping momentum and a positive attitude.
15 November 2024 | 9 replies
Stay patient, adjust expectations, and seek help as the process progresses, as one great deal can make up for multiple failed attempts.Good Luck!
Anna Thanopoulou
First year depreciation in STR
16 November 2024 | 4 replies
We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?
Cynthia Leite
Scope of work (SOW)
31 October 2024 | 4 replies
Structural and Framing Repairs: Specify any wall adjustments, framing, or structural reinforcements.
William HooFatt
Evicting Tenant in Alexandria VA - Should I get an attorney?
5 November 2024 | 22 replies
I'm not a lawyer, so I don't know what I don't know.Looking at the vast number of court cases in the public database, I find only one property our of several hundred that appears to be represented by the landlord.