Jeremy Schappert
Do new construction homes or older/existing homes appreciate more?
26 September 2024 | 9 replies
It occurred to me that the reason I have not been able to find any research on this topic is probably because of this subjective nature and time consuming attribute of this weed out process.Without further ado, my findingsNew construction homes that were bought in 2017 increased in price by 28.3% when they were resold in 2022.
Joe S.
Should tenants be charged for flushing……
22 September 2024 | 20 replies
Specifically regarding plumbing you could add (depending on your State or Local Laws) "... unless determined by repair person that such blockage occurred during the time Tenant controlled the Premises and due to some fault or negligence of Tenant, specifically excluding blockages caused by roots or backups from the street..."
Marcus Morin
Tenant Went Silent After Signing Lease
26 September 2024 | 12 replies
The scenario of them bailing didn't even occur to me.
Matthew Samson
Should I engage a CPA now or wait until we've built up a basic portfolio?
25 September 2024 | 17 replies
It wouldn't hurt if you wanted to do that now as they could provide good information as you move forward and make decisions.Benefits: building a relationship, shopping firms to get the best fit, knowledge regarding big financial decision before they occur, knowing if you're making any major mistakes, determining if your plans will actually help you tax wise SummaryIt might be too early but only something good can come out of a meeting with a knowledgable tax professional earlier rather than later.
Sanjeev Advani
LL Flooring Joins the Wave of Retail Liquidations: Closing 400+ Stores Amid Bankrupt
23 September 2024 | 2 replies
I have had this occur with cabinets, flooring and other materials made from overseas that the product testing compared to the in field testing of the product were very different.
Julio Gonzalez
Tax Professionals and Taxpayers - Beware of Scammers
23 September 2024 | 3 replies
The IRS will never contact you by text, email or social media to request personal information.Education for Your Staff: Be sure your staff knows how to recognize a phishing attempt and how to report it when one occurs.
Kyle Fitch
How Long to Reach $ 1 Mil Net Worth
25 September 2024 | 22 replies
If fracting had not increased productivity so significantly, then this would not have occurred nearly as fast.
Ayoka Moss
Tax deductible? - tenants rented for a month while I started capital improvements -
23 September 2024 | 8 replies
Repairs and maintenance can be deducted in the year they occur, but major improvements must be depreciated.
Art Webb
IRA UBIT with Comm Real Estate
23 September 2024 | 10 replies
While it's true that UBIT can scale up to 37% rapidly, this typically occurs only after $12,000 of income, and you can deduct expenses, including depreciation, against the leveraged portion, subtracting the first $1,000 before calculating UBIT.
Michael Quarles
Marriage, Divorce, and Real Estate Investing.
20 September 2024 | 1 reply
utm_source=GMB&am...it was full of 200k 300k and more k cars I was a real estate investor so I thought what is the harm in dreaming?