Melanie Baldridge
It’s not what you make, it’s what you keep!
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.
Account Closed
Finder's Fee for Non-Agents Illegal?
6 November 2024 | 19 replies
Getting a license is easy, I'd get it so you never have to worry about it.Please read the above post (dated Aug. 22) by @Brian P.
Fareen E.
Renovate later for less cash flow now
4 November 2024 | 6 replies
I'd also have a hard move out date along with the lawyers (or whoever handles your closing-I'm in Canada where it isn't always the same as the US) holding back a large enough amount to get her to move out on time and leave the place in good condition.
Jamie Parker
Seller Financing into Long term debt service products
9 November 2024 | 21 replies
While staying in contact with seller, Find out about an environmental court date late January.
William Derek Nantz
New Member in Evansville area
5 November 2024 | 2 replies
Always great to do research and not rush too quickly, but its almost always better when people "make the leap" sooner rather than later like you said, I'd recommend at least putting some pen to paper on a date/deadline to do your first deal versus someday
Jon Pflueger
Advice on NYC rental markets in Queens, Brooklyn, Long Island
12 November 2024 | 17 replies
I was wondering if there were any seasoned NY wholesalers who have advice on where to find the most accurate and up to date market data, as well as successful strats to find 'motivated' sellers.
Brett Deas
Need input from MTR landlords!
6 November 2024 | 13 replies
; we have a 92% combined occupancy rate on our two properties.I really like the update to FF's listings, on desktop and mobile, especially the use of photos.
William HooFatt
Evicting Tenant in Alexandria VA - Should I get an attorney?
5 November 2024 | 22 replies
Judge ordered date to move to trial.Do I need a lawyer?
Nick Miller
RCV Insurance Policy - what's a reasonable rate per sqf in 2024 (Alabama)?
1 November 2024 | 5 replies
Nick, I just renewed a policy on a property in Mobile, AL with premium at $3,016.
Henry Lazerow
Chicago anti gentrification ordinance has passed
7 November 2024 | 15 replies
Any material change in the terms of sale, the tenant association right of first refusal is reinstated.Despite this being a pilot program, there is no defined end date for the tenant opportunity to purchase provision.Rental properties in the pilot zone are subject to further regulationsIf a purchaser purchases a rental property and uses any public funds in the purchase, then the rental property shall be maintained as affordable housing for no less than 30 years.Landlords may not evict for any other reason than serious, or repeated violations of the terms and conditions of a lease or occupancy agreement, otherwise defined as “just cause eviction.”PenaltiesAny person who violates the requirements set forth in this ordinance shall be fined, not less than $200 nor more than $1,000 for each offense.