Alex Todd
REPS status scenario + underwriting paper losses
9 October 2024 | 9 replies
Assuming you are in the 22% - 24% federal tax bracket for most of your income, your tax would be about $76,000(disregarding standard/itemized deducitons and other income).If you can somehow show rental losses = $300,000, you would get a refund of her federal taxes and potentially state taxes also.
Sarah Hatton
Bpcon 2024 Meetups?
6 October 2024 | 15 replies
Some items considering:- Chichen Itza- Swimming in cenote Ik Kil- Valladolid Centro- Las Coloradas- Izamal- Akumal beach- Shopping in Playa del Carmen- Tulum Ruins- Cenote Dos Ojos- Xplor- Parque Nacional de los Arrecifes (cozumel island)Have not yet looked into transportation or lodging for period outside the conference dates.
Timothy Mcleod
Need advice on a cost segregation study
7 October 2024 | 8 replies
Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report.
Simeon Rivas
Former tenant want invoices and receipt for deduction from security deposit
5 October 2024 | 10 replies
Here's an explanation of the law: https://portal.ct.gov/dob/rental-security-deposits/rental-se...You must send an itemized list of deductions.
Account Closed
PEP fund with Lane Kawaoka
15 October 2024 | 69 replies
As a group we could come up with a detailed list of 30-50 items that are the basics a company needs to have before they ever speak with a potential investor.
Paul Bradley
Non conforming 4 plex in Phoenix
6 October 2024 | 1 reply
No underwriter wants to lose their job over a "missed" item like that.
Laurence K.
Over zealous section 8 inspector
5 October 2024 | 10 replies
I have a house in Toledo, Ohio that I’m trying to get over the line with section 8 inspection.My contractor (who I know and trust) did significant work to ensure the house was up to code.The first scheduled inspection was cancelled by the inspector stating there were too many deficiencies, I endeavoured to reach out for details of the deficiencies but was met with silence and unable to get any info.The second inspection came back with a list of 18 items, some of which I consider petty, such as a small groundhog hole in the backyard.She is also asking for “Front attic window area and front fence needs a full house lead clearance examination by a licensed lead inspector “.
Mark Miles
Going pet friendly
8 October 2024 | 16 replies
Here are a few of my top tips for making your property pet-friendly:Research local pet fees: Ensure your pet fees are competitive while still allowing you to cover potential wear and tear and make a profit.Set a pet limit: Specify the maximum number of pets allowed on your short-term rental platforms and highlight this in multiple areas of your listing, including your property rules.Provide pet essentials: Invest in items like a large dog crate and pet food bowls for guest use.Create clear pet rules: Share these rules with guests during check-in.
Emily Poerio
Short term rental's cash flow is not great, should I walk from the purchase agreement
11 October 2024 | 30 replies
One additional item to consider is to buy an outdated property, rehab it and refinance it, this way you would have less cash into the deal and higher Cash on Cash Returns.
Daniel Brundige
Rental Calculator Question - Property Taxes with mortgage
4 October 2024 | 2 replies
You would be entering an estimate for each item.