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13 December 2024 | 6 replies
No but if you paid for those items you could get copies of them and use them for a private lender who may be able to give you a loan.
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12 December 2024 | 0 replies
Costs ran significantly over on both of these items and not being in the area it was not possible for me to add my experience in renovations to lowering them.
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13 December 2024 | 35 replies
Out of the areas in KY that is not one I would have thought would be on most out of state investors radars.I am still in the initial stages of my research, but Owensboro made into the list while choosing candidates based on cities with diverse economy with significant industries for an LTR.
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11 December 2024 | 2 replies
I plan for a time when they can be there and check in and make sure there aren't any maintenance items they haven't told me about.
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11 December 2024 | 16 replies
The good thing about bonus depreciation is that you can take the amount eligible for bonus depreciation in that given year.For example - if you place a $50,000 item under 5 Years MACRS on December 31st, it would be eligible for bonus depreciation which as of right is now 60%.
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12 December 2024 | 10 replies
This was a very simple due diligence item that was missed by many people. 2.
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11 December 2024 | 7 replies
It potentially can be possible if you provide your capital to a fund who operates as a private lender.You would have to be a non-managing member in an LLC or an LP in a Partnership.Therefore, you would have no say in items such as who to lend the money to, at what rates, etc.Best of luck
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12 December 2024 | 9 replies
If you buy primary you only exclude $750k loan interest if you itemize deductions instead of taking standard.
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13 December 2024 | 16 replies
Its a possibility but would need some more infoWhat is the pad rental income only along with the other items below which I need for pricing.Property Address (so I can view the property and confirm that it isn’t rural):Your Approximate Credit Score:If occupied by tenant(s) what is monthly or annual income:If you like you can PM me too.Thanks
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9 December 2024 | 9 replies
There seems to be a belief throughout this thread that its alright for a city employee to come onto your property and simply lie about item after item and then send a written agreement in direct contrast expecting you to sign and return it.