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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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24 September 2024 | 49 replies
Those landlords had best take some time out to study the law.When a landlord implements standards which are designed to eliminate certain aspects of risk, such as minimum income levels and credit scores, and those standards are equally applied to all applicants it is not discrimination or illegal.
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20 September 2024 | 2 replies
I have never purchased an investment property, have minimum knowledge besides what I've studied on, and have zero hands on experience.
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21 September 2024 | 14 replies
So I think you should try and sell it the way it is.I will say after much study and chatting with a dozen lender, no one will lend more than comps show on a working STR vs a standard home.So list the house as a house and then work out a deal on the furnishings etc.
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20 September 2024 | 9 replies
Here's an article with additional FAQs on cost segregation studies that others may find helpful if considering a study.https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faq
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20 September 2024 | 18 replies
A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand.
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19 September 2024 | 2 replies
I have spent the past several years studying market trends, analyzing potential investment properties, and building a network of industry experts.I'm specifically looking for a fellow investor located in the New York area who is interested in collaborating on initial buy and flip projects.
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19 September 2024 | 8 replies
So I recently have been studying the marketing strategies that come with wholesaling and have found that direct mail definitely catches my eye the most.
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20 September 2024 | 24 replies
A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand.