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24 October 2024 | 27 replies
I've decided to ignore depreciation unless it's a large expense we did this year and account for it in that year only, and potentially try to adjust it a little if it is adding value to the property.I do understand the simplicity aspect of it though, that's for sure.
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19 October 2024 | 7 replies
When i adjust my total investment cost to match that of the BP calc($167800) my COCROI and my multi year ROI match it perfectly which gives me some confidence in my calc.These are the rest of my number for this example.
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19 October 2024 | 0 replies
Leverage Market DataUse data-driven approaches to adjust your offer strategy: Comparative Market Analysis (CMA): Constantly analyze comparable properties in your target area to understand market trends, price points, and days on market.
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20 October 2024 | 8 replies
They need to forget about the covid era DOM times and adjust to the new normal.
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18 October 2024 | 25 replies
Adjusting for the current conditions will be important to reach your goals.
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18 October 2024 | 14 replies
Their in-house adjusters are responsive and quick to reply.
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18 October 2024 | 8 replies
. - The commercial property is in an LLC, we get K-1s from the LLCs taxes every year showing that the LLC pays for the expense and is cashflow positive; except for the deprecation we take :) I plan on buying a new primary residence in the next 1-2 years and want to know if I need to have the commercial loan adjusted so that its no longer personally guaranteed.
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16 October 2024 | 1 reply
What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.
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16 October 2024 | 13 replies
Thanks, DavidFannie Mae & Freddie Mac updated their Loan Level Price Adjusters (LLPAs) back in 2022 for 2nd homes.
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18 October 2024 | 7 replies
Aloha,Given that this is the first month using the Avail system, unless you specifically provided the tenant in advance with information on the lag time from first hand experience, I would let it go and simply inform them of how the timing did not work out, and have them adjust their "pay" date accordingly, reminding them of the "late" date and penalty for future payments.