Pat Arneson
Turning on Utilities
21 November 2024 | 3 replies
My straight forward thinking is, when water is turned on (slowly) I’ll pressurize all plumbing then open and clear out faucets, etc.
Roli E.
Paying Assignment Fee Outside of Closing
17 November 2024 | 5 replies
Solid work, that was the best move to keep it straight through escrow.
Austin Ehret
New Investor in Mid Coast Maine
20 November 2024 | 3 replies
This would make it into two, two bedroom units with the intent of making them long term rentals.I'm guilty of having a lot of projects going at once so my focus right now is bringing the cottage to a point to refinance out of the private money and either make it our primary residence for a year for the financing perks or to go straight into a short term rental.With the four bedroom house I'm trying to decide if it's worth splitting into two units or if I should keep it a four bedroom rental.The cottage I'm also tempted to do mid term with to lower the turnover and maintenance but open to suggestions.The third property I'll probably just let the current renters pay the mortgage for the time being if I'm able to acquire it anytime soon.
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
19 November 2024 | 29 replies
Quote from @Bob Dole: All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, front load (vs. just a straight line over 39 years) -save money on taxes because of the depreciationCons: -if I sell the property, the recapture will be larger -not recommended if you flip propertiesSo hypothetical situation:-Majority of our income is W2 based, let's say it's $500k-Net income from commercial rental is $100k-Income from dividends and interests is $100k-Both of us are full time W2, so non-prof real estate (but this can change -- please see below)So we're hypothetically grossing $700k a year.
Gavin Wynn
First time forming an LLC
7 November 2024 | 22 replies
Can I go straight through the secretary of state?
Arron Paulino
How do Subject To Offers work for the seller? Won't the loan be called due?
7 November 2024 | 21 replies
I'm more of a straight to the point investor and just want to know what the endgame is in the deal so I have more clarity.
Michael Williams
Mortgage Note Syndicator Not Communicating
23 November 2024 | 26 replies
was it poor choice of notes.. or do you think it was straight up stealing money from their investors ?
Gregory Banks
Basement crack repair estimates - who to trust?
20 November 2024 | 10 replies
Rick Dempsey 508-326-5499 I have used him and he is always a straight shooter!
Rosmery Then
Seeking Advice and Contractor Recommendations for a Fort Lauderdale Multifamily Conve
18 November 2024 | 5 replies
The process is pretty straight forward and not complicated at all.
Steven M.
Individual septic for each mobile home good or bad?
7 November 2024 | 7 replies
I have finally got them in my hands ( straight from the state of Maines website) and now realize I have no idea really what I am looking at!