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14 October 2024 | 15 replies
I can't speak much about the Pittsburgh area, but I own multiple properties here in Columbus.
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13 October 2024 | 12 replies
You will likely need a bigger gas line (assuming gas).
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16 October 2024 | 2 replies
I’m not against it but it would still need to cash flow which is unlikely in my market.
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16 October 2024 | 6 replies
Hi everyone, I'm looking for any legal references that can help me answer the following questions and provide guidance as to whether this approach is sound or needs adjustments: -What is the entity structure for managing assets and activities of a short/mid-term rental business?
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15 October 2024 | 0 replies
My lender is requiring this and I need to find it ASAP.
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12 October 2024 | 16 replies
You can refi down as rates get better for a much better exit fee.
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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15 October 2024 | 3 replies
Really need to get them out, my plan is to give them 60 day notice prior to lease expiring in May of 2025, that they need to move out due to the owner will be remodeling and selling the unit.
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11 October 2024 | 13 replies
You only need a place to track tenant information, payment history, maintenance, etc.
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16 October 2024 | 5 replies
I own a mixed use property (4 residential units, 1 Commercial unit) and need to update the lease of the Commercial tenant.