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7 November 2024 | 22 replies
Bookkeeping when it comes to real estate investments can get tricky.I often find the following mistakes occur1) They fully write off the mortgage payment when in reality the mortgage payment is broken down into Interest, principal paydown and an increase into the escrow account.2) If the property is managed by a PM company, do not factor in the PM Statement3) do not calculate depreciation expenseBest of luck in your search for a proper bookkeper.
4 November 2024 | 1 reply
Looking for examples of writing up business plan and marketing plan.
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6 November 2024 | 0 replies
The #1 way real estate investors defer taxes to later dates is with a system called depreciation and bonus depreciation.Depreciation is the act of slowly, over time, deducting the initial expense of an asset against your taxable income.Generally over a 27.5 (residential) or 39 (commercial) yr time frame.So each year you can write off a few percent of the purchase price against your income.
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8 November 2024 | 17 replies
Don't be scared of them just because they write lengthy emails and site housing laws.
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4 November 2024 | 1 reply
As an agent who works with a lot of investors, I have recently started to notice more and more that people will evaluate a property based on its current metrics, and write it off.
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5 November 2024 | 6 replies
Did you write yourself or did AI?
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6 November 2024 | 34 replies
kent that has to be AI writing your response no one is that eloquent.
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5 November 2024 | 11 replies
I would say 80% of homes at inspection have some evidence of insect or rodent droppings somewhere.The way I am reading what you are writing is that this is not a mold problem.
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11 November 2024 | 16 replies
I use a Personal Finance Sheet on the Daily, so all my finance have been cut back as much as possible. 2) We locked in a 6.875% rate, So rolling my CC loan into the home verse the 11.99% is a big difference and taken advantage of the write off via the interest would help.
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4 November 2024 | 13 replies
Fees should be clearly stated in writing, easy to understand, and justifiable.