
10 October 2024 | 25 replies
These properties are in the B to A class range, 2002 built so this is the first time needing an AC system replacement.I am curious what everyones thoughts are here, would you go with the nicer system since you will have the property long-term, or is the $1,000 cost difference too steep for you?

10 October 2024 | 17 replies
In 2020, I built under $200 a foot with long-term rates in the 3's to get 40% ROI.

9 October 2024 | 5 replies
The only items affecting capital gains are basis and expenses of sale.

11 October 2024 | 17 replies
Once a couple of flips have been completed together and we have built that relationship, we typically just go to a 50 upfront 50 at completion type of deal more typical with homeowner work (Not required, but its usually easier for both sides or we just continue a pay as we go basis).
5 October 2024 | 10 replies
Here's an explanation of the law: https://portal.ct.gov/dob/rental-security-deposits/rental-se...You must send an itemized list of deductions.

8 October 2024 | 5 replies
Anyone know of a home owner's insurance company covering Lansing Michigan area for a 4 unit with additional accessory unit for a rental built in 1917 ?

8 October 2024 | 1 reply
I have a land loan that is 1 mortgage for 2 lots of land and am having trouble with lenders because the home is obviously being built on only 1 lot.

8 October 2024 | 1 reply
Furthermore, during the rental period, expenses like repairs and insurance were deductible, but these deductions end when the property becomes a primary residence, with only mortgage interest and property taxes potentially deductible as itemized deductions.In short, converting a rental property into a personal residence can provide some tax advantages, but you’ll need to account for taxes on both the depreciation and the portion of the gain from the rental period when you eventually sell the home.

9 October 2024 | 10 replies
Pay off existing mortgage: The new loan pays off your original mortgage, including closing costs and any prepaid items.2.

7 October 2024 | 3 replies
The ILA is North America’s largest longshoremen’s union, with roughly 50,000 of its 85,000 members making good on the threat to strike at 14 major ports subject to a just-expired master contract with the United States Maritime Alliance, or USMX, and picketing workers beginning to appear at ports.I have been reading that if the strike drags on, we can expect some shortages on perishable items that the US imports.One of those is bananas; the US imports 100% of its supply.