21 May 2024 | 8 replies
Since the primary was purchased before 9/27/2017 and was placed in service after 2020, it is not eligible for bonus depreciation.(8)Phase DownIn the case of qualifed property acquired by the taxpayer before September 28, 2017, and placed in service by the taxpayer after September 27, 2017, paragraph (6) shall be applied by substituting for each percentage therein—(A)“50 percent” in the case of—(i)property placed in service before January 1, 2018, and(ii)property described in subparagraph (B) or (C) of paragraph (2) which is placed in service in 2018,(B)“40 percent” in the case of—(i)property placed in service in 2018 (other than property described in subparagraph (B) or (C) of paragraph (2)), and(ii)property described in subparagraph (B) or (C) of paragraph (2) which is placed in service in 2019,(C)“30 percent” in the case of—(i)property placed in service in 2019 (other than property described in subparagraph (B) or (C) of paragraph (2)), and(ii)property described in subparagraph (B) or (C) of paragraph (2) which is placed in service in 2020, and(D)“0 percent” in the case of—(i)property placed in service after 2019 (other than property described in subparagraph (B) or (C) of paragraph (2)), and(ii)property described in subparagraph (B) or (C) of paragraph (2) which is placed in service after 2020.

23 May 2024 | 11 replies
If Apartment A is a 2-bed/1-bath with a washer/dryer and Apartment B is a 1-bed/1-bath with no washer/dryer, Apartment A should pay a higher rate.

24 May 2024 | 100 replies
There is also a small B&B as well.

22 May 2024 | 10 replies
.### Calculate Remaining Loan BalanceThe formula for the remaining balance \( B \) of a loan after \( n \) payments is given by:\[ B = P \left(1 + r\right)^n - \frac{X \left(\left(1 + r\right)^n - 1\right)}{r} \]where:- \( P \) is the principal loan amount ($215,000),- \( r \) is the monthly interest rate (6.75% per annum / 12 months = 0.5625% per month),- \( X \) is the monthly payment amount ($1,394.49),- \( n \) is the number of payments made (60).Let's calculate the remaining balance after 60 payments.

22 May 2024 | 5 replies
A few important things I would be looking for:1) the experience and credentials of the broker who supervises the company as well as the lead property manager2) the services they offer and how they line up with your needs and expectations3) the use of technology to make their job and yours easier 4) if they have a landlord-tenant attorney on retainer to help guide them on legal issues (not to mention the creation of lease agreement, landlord forms and notices, etc.)5) their process and policy for a) listing, b) application, c) tenant selection, d) routine inspections, e) maintenance services, f) property and tenancy update reports to you, g) lease enforcement policy, and f) move-out process.6) property owner reviews (you can't always rely on Google reviews, because they may not reflect actual quality of the company, but still) 7) beneficial programs for both owner and tenant 8) a property management agreement that would indicate they know what they're doing and have the experience to know what matters in a PMA.

22 May 2024 | 8 replies
When you are going to A areas I can understand but b- to c+ areas still working I belive.For example if you buy and fix for 80k and sell for 110k or 120k, why sell?

22 May 2024 | 90 replies
Well screened tenants in B class properties will never be an issue no matter what pay method.

22 May 2024 | 3 replies
B.

21 May 2024 | 8 replies
I have gotten complete newbies 90% before because they had great credit and the project was nice and cookie cutter with a good spread in a B neighborhood.

21 May 2024 | 12 replies
I called Zillow and they told me they don't handle lease cancellation or changes but suggested to contact local attorney (I am in Texas/Austin). a) Take some penality and allow tenant to break the lease. b) take re-letting fees, list the house again and current tenant is bound to honor until it gets leased.For both a) and b) I will still have to contact attorney as Zillow does not let me cancel the lease but only mark the lease cancelled once it is done.