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19 November 2024 | 19 replies
@Jeff Sitti He needs to talk with a financial advisor. a 20 year old with $100k can be dangerous lol
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21 November 2024 | 10 replies
Self Sufficiency test is the important item for 3-4 unit FHA homes.
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18 November 2024 | 12 replies
Set Aside for Major Repairs: Most Cap Ex items have a life expectancy.
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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.
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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.
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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?
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18 November 2024 | 12 replies
Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.
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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
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16 November 2024 | 0 replies
Upgraded kitchens, bathrooms, and other items that hadn't been touched for years What was the outcome?