. - 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.

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.

Thanks, DavidFannie Mae & Freddie Mac updated their Loan Level Price Adjusters (LLPAs) back in 2022 for 2nd homes.

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.

As interest rates climb, how are Texas buyers adjusting their strategies to secure property?

It sounds like any lifting and/or adjusting to beams would be expensive.

Did you hire a public insurance adjuster?

So, you should really reread their advice several times, then do your own research to fully understand their advice:)Don't let our responses dissuade you & your friend from investing, rather use their warnings to adjust your course of actions.You can probably find many examples of Partnership Agreements online.

You may have some days left in ad - just push out the availability date to when it is opening again to attract those potentials that are planning way ahead.

As our net worth grows, we aim to adjust this allocation to 45% real estate, 45% equities, and 10% cash.