Nate Pucel
How do you determine depreciation basis on a renovated rental?
3 January 2025 | 5 replies
Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.
Carlos Ptriawan
The rise of flat fee buyer agent brokerage
21 January 2025 | 20 replies
This means you essentially have to save buyers 3x(5k-10k) = $15k to $30k through negotiating, finding the best deals, adding value with your property management or contractor contacts, etc.Lawyers use flat fee, hourly, and contingency pay structures primarily.
Sarah En
First-Time Landlord Seeking Advice on Rodent Prevention and Repairs
3 January 2025 | 3 replies
I concur with @Patricia SteinerIt's essential to review your lease to check for any clauses related to pest control.
Stefhan Malherbe
Selling my property as a Short Term Rental business
1 January 2025 | 7 replies
Essentially the lenders will be taking a risk on the property if they overvalue it.
Mark S.
preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
One word of caution: the court orders typically allow repairs to make a home habitable, i.e. rent-ready, but not cosmetic or similar non-essential repairs, like upgrades or additions.
Eric Coats
Running STR #s for Newbie
29 January 2025 | 20 replies
It is essentially the last town before the pass.Regarding what @Lisa Marie said, there are is a ton of good info in there but for your needs, you need to increase the cost to clean.
Kyler Tarr
Knob and tube wiring
27 January 2025 | 18 replies
The good news is that this is the perfect hidden health and safety inspection item with which to negotiate a price reduction.
Timothy Parish
Solo 401k IRA
2 January 2025 | 2 replies
In 2015, my sister had a business which was essentially her livelihood.
Peter Neill
From PPR Note Co. to GSP REI: Finding My Freedom Raising Capital
27 January 2025 | 6 replies
From 2nd Mortgages to 1st MortgagesWhen I started, PPR was buying primarily 2nd mortgages. 2nd mortgages is essentially loss mitigation (helping the borrower get back on track and stay in their home).
Bailey Rentz
Done with Stessa. Where should I go?
13 January 2025 | 10 replies
I host a group for midterm rental operators and I had 2 people in last week's meeting essentially say the same thing.