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4 October 2024 | 5 replies
Whichever you select must apply to all assets in the estate.But you still get the new basis at time of death, regardless if it is sold within 6 months.
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2 October 2024 | 9 replies
I've closed with all the big box lenders and have dealt with dozens of LOs.
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4 October 2024 | 3 replies
I usually use agents, but in that market, it was not worth it as the agent did not do much in the previous year saying he had 3 inquiries and they all had pets when I was no pets.
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4 October 2024 | 3 replies
Thank you, and I look forward to engaging with you all in these forum posts and potentially in business.
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3 October 2024 | 14 replies
All with 15- 20% net income, based on cash purchase.
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24 September 2024 | 0 replies
Assets identified in this study include:Building systems: water heater, electrical distribution, HVAC, plumbinPermanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
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24 September 2024 | 2 replies
Those numbers do not seem correct, unless you are using terms like loan amount of $104,000 is the unpaid principal balance (which is the amount that accrues interest), and the $270,000 is the total payoff.There are two components to a mortgage statement - the first is the reinstatement amount - this is the amount to bring the loan current.
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3 October 2024 | 9 replies
Similarly, if you put all Class D tenants in a Class A 4-plex, what do you think will happen?
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2 October 2024 | 9 replies
But, it is a bummer because I just spent $$$ on furniture, bedding, and all of the many incidentals.