Jake Hughes
Cost Segregation Study
17 November 2024 | 7 replies
A cost segregation study looks at the overall building that you purchased and breaks it down as much as possible.The purpose of this is to increase the depreciation expense.Without a cost segregation study, you are depreciating the property over two items(Building and Land).However, a cost segregation study might identify items such as fencing which might be eligible to be depreciated over 15 years instead of 27.5 years.Depending on the year that the building was placed into service, you might be able to take bonus depreciation on certain items.The follow-up question to ask your CPA is will the cost segregation study help me, and by how much?
Jeff S.
Reserve Studies going bonkers
18 November 2024 | 2 replies
Since reserve studies attempt to forecast replacement costs of items over a 30 year period they are having to recalibrate since the reserves they are now using did not use the latest increase in construction costs.
Sendil Thangavelu
Tenant Eviction case--Ocala, FL
18 November 2024 | 13 replies
If they have not done those two items, there should be no reason why the courts will holdup the eviction.
Marc Shin
best way to set up and furnish an STR from long distance
15 November 2024 | 5 replies
Rent a storage unit in a nearby town, ship all items to storage unit, pay someone to then use the items to furnish the home or make a weekend trip
Nolan Ring
3/3 lenders have no idea about FHA loans
21 November 2024 | 10 replies
Self Sufficiency test is the important item for 3-4 unit FHA homes.
Pat Arneson
Anxiety Over Rehab Costs
25 November 2024 | 23 replies
Even if you try to put a dollar amount next to each item and you don't have much experience, you won't be that far off.
David N.
TV Internet Cable
11 November 2024 | 19 replies
No one has had complaints about the TVs or streaming so far.
Robbie Shiver
Short Term Rental Alternatives? Need Help/Ideas
15 November 2024 | 17 replies
You just have to handle cleaners and maintenance items.
Jaycee Greene
First Time Homebuyer House Hack to Duplex Rental
16 November 2024 | 0 replies
Upgraded kitchens, bathrooms, and other items that hadn't been touched for years What was the outcome?
Danny Van
Beginner Investor in Warren, Michigan first steps
14 November 2024 | 5 replies
For the most part its just health and safety items, which are items we should have remedied anyways.As someone else mentioned, biggest thing to avoid is having the house tagged as vacant which the city will do if it sits empty for too long (handful of months, grass not cut, etc).