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14 November 2024 | 5 replies
I currently enjoy my full time job in health care, but would love to cut down on my hours in another 5-10 years.
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16 November 2024 | 32 replies
Want to be an official moderator for us?
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13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.
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14 November 2024 | 12 replies
I think my skills in mental health counseling and healthcare management are going to be surprisingly relevant to real estate investing (at least I hope so).
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14 November 2024 | 5 replies
For the most part its just health and safety items, which are items we should have remedied anyways.As someone else mentioned, biggest thing to avoid is having the house tagged as vacant which the city will do if it sits empty for too long (handful of months, grass not cut, etc).
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13 November 2024 | 1 reply
On the one hand, I can see it as a positive indicator, for example of market health and increasing suburbanization.
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14 November 2024 | 8 replies
As a young self-managing landlord, I feel like it makes collecting rent look and feel more "official" so I am taken seriously... and my tenant set up autopay (score!)
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20 November 2024 | 28 replies
On 5/15, which is after our official termination date of 5/14, I requested next steps on getting funds and clarification on outstanding accounting items.
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12 November 2024 | 4 replies
Last month Atrium Health purchased 40 acres a mile down the road.
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11 November 2024 | 20 replies
Perhaps there was a more official way to deal with it, but this worked fine :)