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13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.
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18 November 2024 | 12 replies
.- There are plenty of good RE podcasts including the BP podcast.
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18 November 2024 | 13 replies
@Kevin Hilton not sure which market you're looking at for your next purchase, but I have a lending partner who can do investment deals (including non-warrantable condotels) with just 15% down if it helps.
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13 November 2024 | 4 replies
Quote from @Jonathan Greene: I like DealMachine because they have skiptracing including in Pro now, but I still think of it more for neighborhood canvassing and mailing (aka driving for dollars) than multifamily acquisition opportunities.
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14 November 2024 | 6 replies
This screening includes the following reports:Credit ReportFelony Convictions ReportEviction ReportWe can also provide additional screening services such as the ones listed below:Employment Verification ReportPersonal Reference Verification If you contact her.
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13 November 2024 | 15 replies
Second position lienholder have done some shady stuff in order to delay a loss, including filing suit against all parties or trying to obtain a temporary restraining order.
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15 November 2024 | 8 replies
For a flip, you'll want to get a builder's risk policy, which covers the property during renovations, including any damage from fire, vandalism, or weather while it's vacant.
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14 November 2024 | 30 replies
One Cost Segregation Study is included in our package with the Tax team as well"Curious - which advisors are you working with and what are they charging for the consult and single cost seg study?
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18 November 2024 | 17 replies
Before the pandemic, Magnolia alone (not including Baylor University or any other Waco attractions) was drawing in 10,000 tourists a week to Waco and a total of 1 million tourists a year.
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14 November 2024 | 2 replies
After looking into multiple skip tracing services and deciding on Smarter Contact, my partners and I were upset to find there were quite a few charges after paying $300 for the service; including a $140 fee to remove the "reply STOP to unsubscribe" feature.