
15 May 2024 | 11 replies
Market Knowledge: These agents typically have in-depth knowledge of the local real estate market, including areas with high investment potential, upcoming developments, or changes in zoning laws that could affect property values.

14 May 2024 | 1 reply
FHA loans are generally more straightforward, with lenders typically requiring verification of your credit and income.Be prepared to provide financial documentation, as the lender will need to ensure you can manage the additional mortgage payments.

14 May 2024 | 3 replies
Typically a finders fee would be charged to the buyer, especially if you are doing all the work to bring the deal to the realtor.

14 May 2024 | 9 replies
If its a STR or traveling nurse they are typically alone.

14 May 2024 | 5 replies
The software they use is really nice and easy to use. and they do a great thorough job, providing many of the typical inspections themselves (Whole Home, sewer, Termite, etc)

14 May 2024 | 10 replies
You must generally file Form 3115, Application for Change in Accounting Method, to request a change in your method of accounting for depreciation.The following are examples of a change in method of accounting for depreciation.A change from an impermissible method of determining depreciation for depreciable property if the impermissible method was used in two or more consecutively filed tax returns.A change in the treatment of an asset from nondepreciable to depreciable or vice versa.A change in the depreciation method, period of recovery, or convention of a depreciable asset.A change from not claiming to claiming the special depreciation allowance if you did not make the election to not claim any special allowance.A change from claiming a 50% special depreciation allowance to claiming a 100% special depreciation allowance for qualified property acquired and placed in service by you after September 27, 2017 (if you did not make the election under section 168(k)(10) to claim a 50% special depreciation allowance).Changes in depreciation that are not a change in method of accounting (and may only be made on an amended return) include the following.An adjustment in the useful life of a depreciable asset for which depreciation is determined under section 167.A change in use of an asset in the hands of the same taxpayer.Making a late depreciation election or revoking a timely valid depreciation election (including the election not to deduct the special depreciation allowance).

15 May 2024 | 9 replies
You have to be 18, but you can typically find someone willing to hire you, pay for your license, and train you.

14 May 2024 | 2 replies
Typically you do not need to do it as a double closing, you can do it in one closing you just need to communicate with the owner of the property during that time.

14 May 2024 | 17 replies
would just add that recently theres been a further split in non-warrantable condos to a new classification for condo units that are specifically made for short term rentals - "Condotels" - which will typically have their own requirement box

15 May 2024 | 23 replies
This is because most DSCR lenders typically require a minimum of 12 months' real estate ownership experience before considering you for 30-year debt options.