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29 August 2024 | 5 replies
@Yixiong Pan did you find any other resources with answers to this question?
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29 August 2024 | 6 replies
A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.
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30 August 2024 | 7 replies
In some cases, your lender may be able to assist (as a courtesy) to help you get the resources you need to get back on track (e.g., other borrowers in your market, contacts for tried and proven contractors, etc).Of all things to do, you should not hide and ignore phone calls.And last but not least, if none of that works, list the property in hopes to recoup your losses and let another investor take over and get out of the project and take the lessons you learned and apply them to the next one.
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26 August 2024 | 18 replies
Toss in some more details.I will add that a lot of new investors, and some not so new investors, under allocate expenses.
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4 September 2024 | 84 replies
This allows you to duplicate (actually compound if done correctly) your resources...both time and money.
28 August 2024 | 1 reply
I'm happy to help you get connect to people, resources, and ideas here in WNC.
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27 August 2024 | 0 replies
Using the example above, the cost segregation allocations apply to “net tax basis” of $1,200,000 ($700,000 carryover + $500,000 excess basis).
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28 August 2024 | 3 replies
This is a great place to learn and to connect with people so take advantage of all the great resources.
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30 August 2024 | 18 replies
We can assist in building the scope of work and even visit the property on occasions to get updated pictures/video and confirmation that some work is completed before the next draw, but we can't tie up our operational resources to projects that take more than a couple of weeks.
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27 August 2024 | 7 replies
When house hacking, you need to allocate expenses and income based on the portion of your home used for rental purposes versus personal use.