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23 September 2024 | 19 replies
It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.
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19 September 2024 | 13 replies
Hello my friends,
I recently came across a BiggerPockets podcast about Cashflow vs. Appreciation, and this quote by David Greene really stood out:
"Everyone I have ever talked to has always said: Location, Location,...
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23 September 2024 | 10 replies
CMHA may have specific standards on top of federal HQS, like the age or condition of certain appliances or windows.Like everyone is saying.
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23 September 2024 | 11 replies
Midlothian, Decatur, Weatherford, Sherman depending on your price range and age preferences.
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25 September 2024 | 14 replies
I know a few of them personally and are willing to help everyone out no matter the age.
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21 September 2024 | 1 reply
Using a VA loan for a second property, where I’d move in and rent out my current home.When I made an offer on a fixer-upper (I didn’t win that bid), the loan officer mentioned it might be difficult to convince the underwriter why I’d need another VA loan for a second property in the same area, especially since the new home is almost identical to my current one (same size, age, school district, etc.).
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22 September 2024 | 8 replies
You might want to consider making An Excel spreadsheet for each property with all of the items, with their ages and expected replacement time- it's only a guess.
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24 September 2024 | 49 replies
It shall be an unlawful discriminatory housing practice for any person, or any agent or employee of such person:To refuse to consider as a valid source of income any public assistance, alimony, or child support, awarded by a court, when that source can be verified as to its amount, length of time received, regularity, or receipt because of race, color, religion, gender, national origin, age, familial status, or handicap;"https://www.ok.gov/OREC/documents/CompleteDiscrimI...It is illegal in Oklahoma to discriminate against an applicant because their income is from public assistance.
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23 September 2024 | 25 replies
You can identify the hotspots for crime, school levels, income levels, where there is dilapidated homes, then based on the age and condition of the property gauge where the property stands in class, happy to talk further.
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17 September 2024 | 12 replies
If you haven't heard, there's a big wave of opportunity that's presenting itself in Florida right now. Is anyone looking to get into some of these condos and flip them?