Could someone explain that to me or if there’s anyway to deduct those expenses.Hey Troy,  When a property is not “in service,” it means it is not yet available for rent or generating income.

During this time you are not generating any return from the money invested in the ADU.

An argument can be made that you will generate a higher net worth there than say middle of nowhere Alabama.3.

I’m also glad the FCC is cracking down on robocalls for lead generation; it forces people to commit to real prospecting instead of cutting corners.Over the years, I’ve run a solid brokerage team, training agents and now I help people get into wholesaling.

On a rental that’s not generating income is it any different book keeping wise then you would for a rental that’s is making money Or what are good things to know or learn Thank you !

During this time you are not generating any return from the money invested in the ADU.

The money generated could pay for both loans, and even cash flow.Italian BuraccuracyI thought the United States is slow and has poor processes set, but here is absolutely worse.

Having rentals that just pay for themselves or generate excess cashflow you can tap for other things?

I completely agree that flips must be completed fast to keep the cash mobile so it can generate yet more cash.

With Baselane, you can easily generate reports for tax time that are organized and ready to hand off to your CPA.