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19 November 2024 | 111 replies
I actually believe the complete opposite because of several different life experiences.I just encourage EVERYONE to do their own research and think long and hard about every aspect of carrying or not.
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9 November 2024 | 9 replies
Also, with QBO, it is seamless to hire a bookkeeper to deal with the bookkeeping aspects of it since they can do it remotely from anywhere.
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6 November 2024 | 2 replies
The aspect of buying and selling without the headache of repair, remodel or tenant issues is what I find the most appealing.
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6 November 2024 | 6 replies
Be sure to clarify all aspects of the financing and closing costs as well, as these can vary depending on the type of property and deal structure.Finally, while off-market deals can sometimes seem quicker, it’s important not to rush through the process.
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6 November 2024 | 2 replies
Surprisingly, it has nothing to do with the roof.
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7 November 2024 | 27 replies
I recommend you confirm that with someone else other than your agent.Food for thought…Insurance related: I’m currently replacing a roof on a house I own, not because the roof is “bad” but because it isn’t possible for the next buyer to get insurance with such an old roof (barrel tile, which lasts longer than the 30 years that insurance companies require).
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30 October 2024 | 12 replies
I imagine if I claimed the roof last year when I replaced my rental roof, they would kick me out by now.
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4 November 2024 | 9 replies
One is about 20 ft tall (11 ft above a 9 ft roof) and several feet from the main power line.
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6 November 2024 | 0 replies
& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.
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4 November 2024 | 2 replies
Within three weeks, we managed to coordinate all aspects of the sale, including helping the seller transition her belongings into storage and securing a solid offer.This wasn’t just a transaction—it was about helping a client regain control over her life.