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5 January 2022 | 8 replies
First, you would narrow your choices down to the type of contractor, like General Contractor, and then you would focus on a specialty.Examples of general contractor specialties include design-build contractors, remodeling contractors, commercial contractors, or new home builders.
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15 January 2022 | 5 replies
This gives the tenant a choice and usually the tenant will choose to take care of it themselves.
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6 January 2022 | 11 replies
@Ryan Kelly yep, thanks man.
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5 January 2022 | 1 reply
Hey all,I have been doing some learning about tax implications for owning rental properties and I had a question.Its my understanding that you can carry over net operating losses from year to year basically indefinitely until you sell one day and can write them off of your capital gains.I also understand that if you purchase an asset for your rental, say a refrigerator, you have the choice to either deduct the full amount for that tax year, or depreciate the refrigerator over a certain amount of years and take the deduction divided up between those years.My question is why would it ever be advantageous to depreciate an asset rather than simply deduct it for the current year, even if you are already operating at a loss, if those losses will just carry over indefinitely?
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5 January 2022 | 3 replies
When I say this I mean that if you are restricted by capital that keeps you. below the 100k mark then you really don't have much of a choice, however if you have more liquidity that is possible to use then you could go int it with the goal to find something under the 100k mark and still be open to higher priced deals that may have other upside like appreciation and overall area development that increases the price of the home over time- (capitalizing on gains that may not be received by buying in An area that is lower entry but provides great CoC return/ cashflow only as opposed to larger appreciation in addition to okay cash flow.)
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6 January 2022 | 4 replies
Now, if you can get the interest lower, which in turn would increase the CF, then even better, but if it's a choice between higher interest and higher CF, the choice is 100% of the time the same...higher CF.
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9 January 2022 | 9 replies
FHA or a 3% down conventional loan would be a good choice.
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6 January 2022 | 3 replies
@Ryan Brown..I have lenders who lend on off-kilter properties and locations in OR, but being off-grid might really be out of bounds even for the most aggressive lenders.