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26 July 2024 | 8 replies
There can be gold in knowing their social handles, both for screening prior to approval and to attempt contact if they disappear.
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27 July 2024 | 50 replies
They are kind of a pain because they take so long and require so much documentation but the only closing cost I have is the appraisal.
25 July 2024 | 10 replies
Many states have a limitation on 179 that is different from the Feds.Some have really painful rules on dealing with that bonus depreciation addbacks.You still benefit from the cost segregation study without the bonus depreciation - say your cost segregation study broke out $100k of 5 year property - now instead of spreading that out over 27.5 / 39 years, you get to take it over 5 years for your local state.You still get the bonus depreciation amount on your Federal return, regardless of what the state does.
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23 July 2024 | 17 replies
This David Gerlt a member of Bigger Pockets has disappeared.
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25 July 2024 | 15 replies
Back then, prices were much better, and turnkey marketers could make a decent fee.As prices increased, many turnkey providers had to move to less desirable areas (I know people are always looking blame other people but in reality blame it on yourself for being the investors that picked bad areas and did not do due-diligence and buy assets where the numbers worked with 10-20% economic vacancy), and now that gap has essentially disappeared.
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27 July 2024 | 15 replies
Note even without any contingencies you have a little room for negotiation as you can walk and lose ED but it is a pain for the seller.
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26 July 2024 | 23 replies
It can be a pain and more costly in terms of accounting, but if you can't incur the additional cost, you should not be putting yourself at risk.Gino
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25 July 2024 | 62 replies
in 10-15 years you could have 2-4 properties >$1M just by using your own monthly housing payment to fund it.moving is painful, living with others is painful, high rates are painful.
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25 July 2024 | 22 replies
Just think of all the grief, anxiety and pain they have put you through with this whole situation.
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27 July 2024 | 108 replies
then start selling the ones that have upcoming major repairs in the next 5-10 years or the ones that are a biggest pain to deal with/make the least amount of money from rent.