
10 January 2022 | 0 replies
This is extremely helpful for the tax savings benefits but also because many of the assets used in a restaurant business need to be replaced much sooner than 27.5 years.Some of the major benefits of Cost Segregation are:Reduction in real estate taxesReduction in casualty and property insurance premiumsFor previously misclassified assets, you will now have the opportunity to claim any “catch up” depreciationBy accelerating depreciation, you increase your cash flowHaving additional cash allows you to invest that money back into your business, invest in other opportunities or pay down your mortgageHere’s a list of personal property that could qualify for accelerated depreciation:Drive-throughCanopies and awningsFlooringPoint of sale systemsDecorative millworkKitchen equipment hook-upsDoorsEquipment installationHVACWiringBeverage equipmentFood storage and preparation equipmentFloor coveringsSignage site improvementsInterior light fixturesFire protection equipmentThese studies should be conducted with your cost segregation specialist, CPA and financial advisor.

13 January 2022 | 8 replies
Personally, I think deposits are a good incentives for tenants to conduct themselves.

10 January 2022 | 6 replies
If you leave faster than that, you will still have to pay for the full 14 days of rent and utilities;If you choose to depart early, I will not charge any termination fees;After you are out and return the keys, I will conduct a move-out inspection and handle your security deposit in accordance with State law.Landlord"

17 January 2022 | 9 replies
Local meetups, industry events and conferences and leveraging broker relationships.

18 January 2022 | 15 replies
Read books, listen to podcasts, go to local meetups, look and analyze properties, make investor friends online, consume real estate content, go to physical and virtual conferences, to name a few. real estate is sort of a long game, you'll always be learning so once you make good habits the wins will follow

1 February 2022 | 1 reply
I've since conducted $130k in repairs and ultimately doubled the rents and the asset stabilized in September of '21.

31 January 2022 | 1 reply
I always conduct a walk-thru of the property every 6-months to check for leaks, fire/ CO detectors, etc.

13 February 2022 | 12 replies
We got to that point by going to real estate investor groups, conferences and events and meeting people there who have deals to off-load.

21 February 2022 | 84 replies
If you conduct enough of them, after a while you'll KNOW when you see a good deal and be ready to pounce.

12 May 2021 | 2 replies
Originally purchased to conduct STR, now rented long term due to restrictions.