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23 July 2024 | 6 replies
The second bucket is jet clean it twice a year for $300-$600 and install a flapper valve that prevents it from backing up.
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23 July 2024 | 3 replies
The property appears to have been recently renovated, with a new roof installed in 2020, and the exterior was recently painted according to Google Street View.
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23 July 2024 | 4 replies
Also received a lot of verbal abuse about the +++++ing appliances, my ++++y repair service options, and the incompetence of my homebuilder who tenant says had installed the dryer incorrectly (installed by Lowes, because they won't warranty if anyone other than a professional they contract with does the installation.
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23 July 2024 | 5 replies
I do not allow tenants to install shelves, TV mounts, or anything that requires large holes.
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27 July 2024 | 108 replies
My state doesn't have income tax, but verify how installment sales are treated in yours.
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22 July 2024 | 82 replies
You will have to buy it out right or be buying.it under an installment contract.
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22 July 2024 | 8 replies
15.3% Self-employment taxes is a lot.Scenario 1 - You do a cost segregation study in year 1 and create a huge loss to offset your other income, great for year 1.Horrible for years after 1 as you used up a majority of your depreciation and now your net income will be subject to 15.3%.If your depreciation is mostly used up and don't plan to have net income, your business is not profitable.Scenario 2 - No cost segregation study is done and your depreciation is calculated over 39 years(low depreciation rate, you will likely be paying some sort of net income subject to 15.3%.Maybe not in year 1 if you have a lot of furnishings installed.
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21 July 2024 | 1 reply
I just looked at the 2nd installment and the jump in wild!
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22 July 2024 | 14 replies
If a certified electrician told me that a GFCI outlet in the bathroom was installed correctly, and I had initially said it wasn’t, then I would immediately know that I need to update my education on that system and would hope that other inspectors feel the same.
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20 July 2024 | 4 replies
.- Tax Benefits of receiving installments instead of a lump sum payment.- Legal Options for the seller if the buyer does not make payments.- Visual/Explanation of how the loan looks on the HUD-1 at closing.Good Luck!