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8 October 2024 | 1 reply
Our debt include only our primary, the duplex, and credit card $3,175.91+$7,317.49+$2,000=$12,493.
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10 October 2024 | 11 replies
Steve: If you are going to bid on an Ohio Common Pleas Court foreclosure, the process is pretty safe because the foreclosing lender has to include a "PJR" which is actually a "Preliminary Judicial Report" which is a title report and include a commitment for title insurance should the bidder be successful and the property to be conveyed.This differs from a liquidation auction by a lender, private auctioneer, receiver (other than an actual foreclosure case) where you might be successful but the property has pre existing liens that don't get swept away by the foreclosure case.For your first one of these, get a lawyer to advise you.
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9 October 2024 | 1 reply
If we did this, it wouldn’t make much sense to include my brother since he has not been involved but I would like to include him as we are planning on acquiring more properties in the future.
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11 October 2024 | 7 replies
Hilton has the Tapestry Collection of boutique hotels that utilize their systems, including loyalty programs.
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11 October 2024 | 14 replies
Key considerations include involvement, cash flow vs. appreciation, and financing options.
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9 October 2024 | 3 replies
They have utilized a number of financing approaches including: Minnesota Housing Finance Agency Tax Credits, Conventional, Grants through Duluth Economic Development Authority (DEDA), Duluth Housing & Redevelopment Authority (HRA) Assistance.Sharon Brown with Duluth's Life Safety office is a great resource as well when dealing with blighted properties.
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10 October 2024 | 2 replies
From 2020 to 2022, she successfully helped me with four different deals including one I got out of during DD.
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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9 October 2024 | 3 replies
These proposals include permitting and planning fees.
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9 October 2024 | 3 replies
Under SB 567, the notice to terminate tenancy must include a description of the work to be completed, copies of required permits, the date the owner expects to complete the work or demolish the building, and notification that if the substantial remodel or demolition is not commenced or completed, the tenant must be offered the opportunity to re-rent the unit at the same rent and lease terms as when the tenant left.