16 December 2024 | 8 replies
QIP can be bonus depreciated.To maximize deductions, consider waiting to make improvements until after the property is converted to a rental.
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13 December 2024 | 2 replies
I'm considering converting the shed into a DADU to maximize the use of the space and earn some extra income.
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16 December 2024 | 14 replies
I was intending to rent out the upstairs 3/2 as an LTR then convert the basement to a unit for myself half the year and rent it out as an MTR (midterm rental) when I wasn't there.
2 December 2024 | 17 replies
Let any potential renter know that you intend to convert the garage into an ADU and address any potential issues created by adding the ADU (parking, shared yard, quiet hours, etc.)
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20 December 2024 | 27 replies
My worst story was while I was flipping a house with a converted garage (no permit).
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11 December 2024 | 1 reply
We converted a old restaurant on the property to a coworking lounge, redid the pool and built out the roof to a entertainment center with fire pits, lounges, bubble chairs, barbeque, large screen TV, music, yoga mats and amazing views of the ocean and city lights.It is designed for coworking/coliving for business professionals and entrepreneurs who want to...Live where they work.
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16 December 2024 | 19 replies
It should be as easy as converting one conventional loan that cashflows well to a Debt Service Coverage Ratio loan or DSCR.
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14 December 2024 | 6 replies
Vacant land or small property that will be converted to 23 units?
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10 December 2024 | 4 replies
We converted the attic to a coworking space with a community kitchen, front and back outdoor patio and gathering spaces.This is where you can...
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15 December 2024 | 13 replies
It would be quite costly converting away from propane and due to high electricity cost i suspect t not warranted.