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19 February 2025 | 9 replies
Lenders that don’t require an appraisal will perform a desktop appraisal but will typically have a very conservative view on the value of the property to protect the company’s investment.
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19 February 2025 | 88 replies
It's very personal and varies wildly.
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22 January 2025 | 14 replies
A smart seller/listing agent will likely require a large EMD to tie you to performing on your offer, so be prepared for that.
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5 February 2025 | 5 replies
I have gotten accelerated depreciation that has exceeded my initial investment.Now add that you could perform a value add to create some sweat equity.
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21 February 2025 | 28 replies
My business partner and I own some STR's here that perform well and are in areas that will definitely appreciate in the near future.
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18 February 2025 | 5 replies
My personal home loan has a mortgage balance remaining of 157,000 and it's currently worth 550,000.
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17 February 2025 | 5 replies
Remember that for most owners, their business is very personal to them.
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19 February 2025 | 15 replies
And ensure to not intermix the business and personal between the two.
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11 February 2025 | 8 replies
I guess had there been time I could have done it to assure it would be a deductible on SchE rather than a closing (basis) side of the house.Even if you performed the repairs, they probably would not have been deductible on Sch E anyway.
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20 February 2025 | 6 replies
Does the LLC file its own tax return, or do you report the activity of the property on your own personal tax return?