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24 January 2025 | 36 replies
While we were onboarding the property to the system and trying to figure out the automated sprinklers, he was out there every day watering the lawn by hand, stopping the buck and taking personal responsibility.
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10 February 2025 | 1 reply
Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit
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9 February 2025 | 2 replies
If the loan officer asks you about your debts, you can ask clarifying questions such as are you asking for personal debts or business debts?
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6 February 2025 | 7 replies
An ignorant person lacks knowledge or awareness.
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14 February 2025 | 11 replies
As a person who has lived in NC & SC and Phoenix, I would highly suggest AZ.
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12 February 2025 | 16 replies
Hi Bruce, i'll start by saying i'm a mortgage person, so please understand the context in which my response is coming from. you'd need to create CC&Rs/bylaws and establish an HOA in order to do this.
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17 February 2025 | 7 replies
I am personally working with about 15.
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25 February 2025 | 23 replies
It's led to incredibly high occupancy rate in the off-season, but I'd rather have a slightly lower occupancy rate in order to reduce wear and tear and leave some weekends open for personal use.I'm at a loss on what to do about this.
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17 February 2025 | 1 reply
All 17 or however many sellers want to sell, and we've agreed on terms for seller financing, but the problem is no one cannot get in touch with the last reminding person.
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18 February 2025 | 7 replies
@Robert B Azimi If I'm in your shoes I'm meeting with the tenant in person to figure out what's going on.