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15 November 2024 | 5 replies
So the seller is essentially saying the tenant is paying 25 days late each month with their permission.
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21 November 2024 | 39 replies
Things to consider: daily internal operations, external branding and operations, lending, in addition to inside out *legal protection and outside in** legal protection, privacy/anonymity/identity protection and security...Prevention measures at different levels, preventing the attack from being initiated vs preventing the attack (lawsuit) being successful vs reducing the damage of a successful attack.... there are many elements and I see people pick one and argue about it without looking at the whole
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14 November 2024 | 25 replies
They provide essentially all the tools under one roof for you.
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13 November 2024 | 2 replies
Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.
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13 November 2024 | 7 replies
@Ryan YuWhen you refinance a property, you’re essentially taking a loan against the equity in that property.
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14 November 2024 | 4 replies
Essentially there are investors out there that can build a large enough portfolio with little debt that can cash flow enough for a great life.If you want to scale to many properties then you will want to consider leveraging your existing properties.
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15 November 2024 | 13 replies
Essentially you create a parent LLC with each property in it's own secondary or child LLC.
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13 November 2024 | 8 replies
For that year 12k essentially increasing your taxesThen the rental 3 (Negative 15k) is carried over since over 150 AGISo it actually looks like the rentals had a 12k profit overall that year when it was more -3kAppreciate any guidance@John Davey to avoid any confusion for other investors that might be reading this post and @Austin Cheatham response.
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17 November 2024 | 18 replies
You are essentially selling more than just a home your planning a future for each buyer/investor.
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14 November 2024 | 6 replies
However, professional remediation is essential for quality results, complete documentation, and assurance that the job meets industry standards.