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11 December 2024 | 16 replies
I have seen a tax attorney on YouTube specifically saying you can take a full year of depreciation even if you buy in December but all I see in the IRS publications indicates that you have to prorate based upon the time it was available to rent.is there a rule I am missing?
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15 January 2025 | 144 replies
I just don’t think it’s anything other than a very simplistic investment concept, it’s marketed as if it’s earth shattering with exotic names being given to mundane concepts, and overhyped and if the posters in this thread are any indication it’s being sold to people incredibly unsophisticated in personal finance.
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15 December 2024 | 8 replies
When there is no court involved there is no case number (that's a simple indicator to look for in a notice if you have not researched the details of the property code) so you have to look elsewhere, but, where and what to look for?
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30 December 2024 | 819 replies
NO local would buy it.for 40k or there abouts.now turn key indicates full rehab.full rehab he said is 9k well that's bunk we know that so he is just getting lip stick on a pig.turn key company Morris I can pretty much definitively tell you wants to make at least 10k on the transaction . this is average for turn key . ( Note I fund turn key in 12 markets so I know and have been doing it for 20 years)so now we are down to 30k minus the measly 9k that 21k for the asset.. and I suspect they bought it for less and there are wholesaler layers of profit in their as well as these areas are really dominated by wholesalers... so this asset was bought for 5 to maybe 10k from the owner.. now tell me what neighborhood in Indy were you can buy 10k houses ?????????
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13 December 2024 | 13 replies
WikipediaLow crime rate: Never invest in any city on this list: The most dangerous cities in America, rankedLow operating costs: Good indicators of a pro-business climate include:Property taxes: State Property Tax Rates - Rocket Mortgage.State average insurance cost: Insurance - ValuePenguinState income taxes: Tax FoundationLow risk of a natural disaster: Natural disasters can devastate your property and the surrounding community, leading to job losses and the closure of shops and businesses.
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11 December 2024 | 8 replies
This indicates a strong market for short-term rentals.Revenue: The average revenue per available rental in Red River Gorge can be estimated using tools like AirDNA.
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11 December 2024 | 5 replies
That will give you an indication of what they are like.
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9 December 2024 | 5 replies
I haven't done a 1031 exchange, but may in the near future and the small amount of research I have done on it seems to indicate that some qualified intermediaries only do the intermediary task (hold your money while you close on the new deal) and some try to do other tasks as well, like facilitate you finding the next deal, etc.
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12 December 2024 | 18 replies
Is their current portfolio distressed, or was the majority of their current portfolio purchased at the peak of the market, indicating that they might be in distress in the near future.
10 December 2024 | 2 replies
The plumber’s report indicates that the leak may have been caused by an overflowing tub or sink upstairs, but the tenant in that bedroom denies any such incident.As a result, I now have substantial expenses for the plumber and restoration company, including drywall repairs, painting, texturing, and reinstalling electricals.