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19 November 2024 | 2 replies
Assets identified in this study include:Building Systems: plumbing, HVAC and electrical distributionInterior Construction: flooring, drywall partitions and ceilingsStructural Components: doors, roofing, windows and wallsPermanent Fixtures: emergency lighting, restroom fixtures and signageThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
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20 November 2024 | 4 replies
I take that a step further by looking up property records before I call to make sure the name matches.
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26 November 2024 | 127 replies
I prioritize applicants with a high income-to-rent ratio, a good to excellent credit history, and a stable employment record.
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19 November 2024 | 4 replies
Once you have a track record of success, they'll fund you for multiple projects at the same time.
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23 November 2024 | 15 replies
In many states, an LLC can keep your name off public records, which is great if you prefer to keep your ownership private or avoid being directly associated with the property.Having an LLC also makes you look more professional.
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20 November 2024 | 15 replies
Why go to a lender that has no presence online when there are plenty of lenders with lots of reviews / track records on places like here and Google?
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17 November 2024 | 0 replies
It’s essential to consider factors like payment plans, projected infrastructure developments, and the track record of the developer to make informed decisions.The most successful investors are those who carefully analyse the potential of each project rather than being swept away by the allure of glossy marketing.
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18 November 2024 | 14 replies
Of course the co-signer should be significantly stronger in ALL areas as compared to the applicant...usually this is a parent or relative, and they should be well established, with ownership of real estate for years; long and stable employment; no, or very distant, criminal and traffic court records; well funded SAVINGS/IRA's or stock market accounts.
21 November 2024 | 24 replies
Somehow, a quitclaim was made from the sole heir just 5 days before the tax sale - and recorded in the deed book the day after the tax sale.
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19 November 2024 | 12 replies
Clearly record the purpose and terms.LLC to Personal: Draw money as an owner’s distribution or repayment of a loan, ensuring it’s properly documented.➡️ Mixing personal and LLC funds without proper documentation could pierce the corporate veil, exposing personal assets to liabilities.