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17 November 2024 | 7 replies
A cost segregation study looks at the overall building that you purchased and breaks it down as much as possible.The purpose of this is to increase the depreciation expense.Without a cost segregation study, you are depreciating the property over two items(Building and Land).However, a cost segregation study might identify items such as fencing which might be eligible to be depreciated over 15 years instead of 27.5 years.Depending on the year that the building was placed into service, you might be able to take bonus depreciation on certain items.The follow-up question to ask your CPA is will the cost segregation study help me, and by how much?
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25 November 2024 | 10 replies
We owe around $75k on the loan, but the value is near $250k.
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13 December 2024 | 2 replies
I'm considering converting the shed into a DADU to maximize the use of the space and earn some extra income.
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13 December 2024 | 2 replies
I am new to the real estate game and got my foot in the door by purchasing my first property as a live in renovation.
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13 December 2024 | 3 replies
Though USLI, one of the biggest umbrella policy providers, dropped my max coverage to $1M because I had pools.
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17 November 2024 | 16 replies
I don't know your market at all, but it's common for neighborhoods next to the hospital to not always feel safe to out of town nurses--- so just know proximity isn't always the main point.
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15 November 2024 | 5 replies
Hi everyone, So I just purchased 2 properties and it is part of a portfolio loan.
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13 December 2024 | 13 replies
What are the current markets you recommend and why?
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17 November 2024 | 32 replies
Just curious - why would the landlord be held liable if a tenant commits a sex offense ?
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13 December 2024 | 1 reply
The mortgage company gets paid off first, then in a traditional sale, the rest minus agent fees and utilities and closing costs goes to the seller.