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4 November 2024 | 19 replies
I just discovered they operate in Florida and Texas, where we have properties, so I am very interested in using them.
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2 November 2024 | 19 replies
And it includes - NOI, Appreciation, Amortization of the loan, and depreciation writeoff.The total of these will paint the picture of how your properties are actually performing.What is interesting is that each of these components will react differently depending on where and how you place your next investment.
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5 November 2024 | 6 replies
I also use AI to discover topics of interest....Eric
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7 November 2024 | 30 replies
Learning as we go since we had the house anyways .With long drives I discovered Bigger Pockets and it has lit a fire under my tuckus to get more properties and keep the ball rolling Thanks for the advice -More data analysis and research for whatever we 1031 into next will definitely be a priority .Best-C.
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7 November 2024 | 22 replies
I lined up a bookkeeper in May of 2023 and had several months of follow ups with her only to discover in February 2024 that she had had a “life changing family event” and had not been in her office for about 5 months and had never even started my books.
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3 November 2024 | 8 replies
.- Have discovered owners with lapsed ploicies they thought previous PMC was handling.- Also found terrible policies that owners had, that they didn't understand.4) Utilities: We check that all utilities are properly set up and cofirm or enroll in any Auto-Transfer of Service programs to avoid no heat during winter leading to frozen pipes.- Dealing with a very upset new owner client right now that previous PMC didn't handle the water account properly.
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3 November 2024 | 56 replies
Further research, I discovered lender and borrower (seller) negotiated an inflated payoff, hints why lender didn’t send $ back because they now knew they’d be out the extra money since their borrower had already spent most of those funds.
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6 November 2024 | 29 replies
I had to call several dozen times to learn what was happening behind the scenes, only to discover that the "experienced property managers" at Latchel had been sitting on their hands.
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1 November 2024 | 0 replies
Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."
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31 October 2024 | 7 replies
My plumber went and discovered tush wipes sitting ON the toilet tank while trying to test the toilet.