Alecia Loveless
Wynd Smoke Detectors
10 November 2024 | 1 reply
Wynd detectors are usually good for air quality, their effectiveness specifically for detecting marijuana smoke can vary, as they aren’t designed solely for this purpose.
Kevin Keating
New construction rental opportunities with strong cash flow
7 November 2024 | 2 replies
Currently I am exploring investing in new construction rentals with the goal being to better calculate cash flow at the front end with maintenance/cap ex expenses being low for a prolonged period of time and predictable.
Julio Gonzalez
When to Capitalize vs Expense
5 November 2024 | 0 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.
Ram Gonzales
Please help analyze 4plex deal
11 November 2024 | 13 replies
I think the expenses are light.If you want to achieve market rents, no central air is going to be an issue.
Account Closed
Should PM provide itemized receipts
14 November 2024 | 20 replies
Some won't but I would want that so they aren't pulling random #'s out of the air.
Brian Quo
How bad is it to start off not cash flowing on 1st rental that is new construction?
20 November 2024 | 37 replies
For example, you may build a house that costs $1 million to build, but once it is finished is immediately valued at $1.3 million, so you created 300k in equity out of thin air which you can use to borrow against.
Ted Freemyer
Has anyone use Launch Financial Group for DSCR on STR?
8 November 2024 | 19 replies
We're doing 30 and even 40 year fixed using 80% of AIR DNA to calc DSCR.
Sa'Mara Roberts
Seeking Advice on Partition Action for Family Property Dispute
8 November 2024 | 4 replies
Here in New York, it's kind of up in the air.
John Pipitone
STR in San Jose California
6 November 2024 | 22 replies
I have a fully furnished home I want to put on Air BnB.
Raif Harris
Airbnb Vermont Cabins
6 November 2024 | 22 replies
I run an air BnB out of my home in Southern Vt And I own 2 condos at Mt Snow.