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5 December 2024 | 18 replies
Many property management companies likely have not caught on to the concept yet.
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11 December 2024 | 16 replies
STR standard depreciation is 39 years @Andy Lanyi@Jonathan Cooper even if you take Bonus Depreciation as @Basit Siddiqi highlighted the remainder 40% will be prorated using the Half-year convention or Mid-quarter convention used in line with what you read in IRS Pub 946
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13 December 2024 | 13 replies
@Joy McQuearyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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9 December 2024 | 16 replies
This is standard practice, but there are exceptions.
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10 December 2024 | 7 replies
This is because the envelope of the home was not built to modern standards and making functional living area can be challenging unless you have a lot of real estate to work with.
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15 December 2024 | 25 replies
I have been using Quickbooks online for years and love that it's the industry standard and robust software.
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16 December 2024 | 19 replies
Also, if you have cash to complete the purchase, you can get preapproved and then make an offer with proof of funds and without a financing contingency with a standard 30 days to close.
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8 December 2024 | 19 replies
Website is standard...the thing is, if they get your info they will literally harass you with phone calls from some place in India.
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10 December 2024 | 10 replies
Market your wholesale business as anyone would market a business concept and play by the Texas law and rules.
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9 December 2024 | 14 replies
.), which satisfies the "just wanna flip the standard channels" crowd.