An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Purchasing a non-performing note can provide above average returns in a relatively short period of time, therefore providing the capital to purchase more non-performing notes and "churning" the funds.

The property is located in Rock Falls, IL We'd be able to provide debt on that.

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

No lender will finance a property in another country, unless you can provide collateral from your home country or you’re a large company and the lender will give you an unsecured loan based on your balance sheet but, anyway, both options would defeat the purpose of getting leverage through the purchased property.2.

@Jesse BennettWe have tried this and it did not provide us any better results

The owner rented rooms for $1k each (I think that's what she told me) to young professionals working at MUSC right down the street and to Citadel students.

Hi Victoria,To sell your property and notify your month-to-month tenants, you should provide them with a written notice to vacate.

A quick google search for "va loan bonus entitlement" should provide you with all the information you need.Yes, anyone can assume a VA loan so long as they financially qualify.

This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.