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7 June 2024 | 3 replies
Now, other tax incentives like simple business write offs for expenses to set up the properties as an STR that’s most likely still something you can write off against your rental income gains.
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11 June 2024 | 46 replies
I mean, it will happily assist, but the amount of hallucinations and incorrect code it writes compels me to state it is unable to assist.If you write up a prompt with a bunch of specific instructions, trying to guide the Ai to weigh everything of consideration, it will surely sound more convincing than if you didn't include those stipulations, but the underlying problem is it has no real understanding of such a complex task and will just give it's best guess/hallucination regardless of how specific you are (as proven by your 95111 zipcode $/sf prompt where it provided you a $/sf much higher than that of the actual 95111 zipcode).
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8 June 2024 | 6 replies
Also, they have access to a tremendous amount of information and connections to those trades that we all need more access to. you may also ask where are the regulations stated in writing, then you will have the ability to answer further question you may have regarding these matters
8 June 2024 | 15 replies
If a seller has a FHA loan you need to write in your contract that you want to assume the note and seller has to agree to wait for the time frame to make it work (45-65 days minimum).Assumption sounds great but not if there is huge equity (property increased in value thus you need large down payment).
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8 June 2024 | 2 replies
I do not think the world is falling.Hospitality has going for it that you can get gov't backed mortgages (don't ask me why, I'm not in Congress and I don't write the laws).
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8 June 2024 | 7 replies
If they refuse to move out, evict through an attorney.When I tell tenants to leave because of lease violations or criminal behavior, they read the writing on the wall and move out 80% of the time. 19% will stay the full 30 days, or close to it, and then move out.
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7 June 2024 | 2 replies
🌴PS - It might also be a tax write-off for you.
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7 June 2024 | 4 replies
We usually get our tenant from our first open house (but we write our leases such as none expire Oct thru February).
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7 June 2024 | 2 replies
Does anyone know where I can find a good document to use to write one up?
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7 June 2024 | 10 replies
So it lowers the net profit of the practice which = lower taxes to the practice.The higher rent is offset by depreciation and mortgage write off and operation expenses.