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6 March 2024 | 22 replies
Do you also have money set aside for major expenditures on the house?
5 March 2024 | 3 replies
Effectively, you would claim depreciation for a portion of the year depending on how you set things up initially during the year you purchased the property.
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4 March 2024 | 0 replies
., “net worth”, in the best risk adjusted manner possible?
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4 March 2024 | 0 replies
To calculate your land value, take into consideration the average price per square foot or acre of the comps and apply that to your land.Steps to apply comps to your property:1) Compile multiple comps: Find a real estate agent to help you put together a list of comparable properties.2) Make adjustments: Analyze each comp carefully to determine whether it has advantages or disadvantages when compared to your property and make adjustments to the value upwards or downwards as necessary.3) Determine the use of weighted average vs average: Depending on how close the comps are to your specific property; you may consider utilizing the weighted average method to place a greater weight on those properties that more closely resemble yours.Using comps to value your land can add a component of complexity and subjectivity.
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5 March 2024 | 0 replies
By highlighting these achievements, I motivate others to have faith in their abilities and boldly chase after their aspirations.Influencing others through action and proof involves setting a strong example.
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4 March 2024 | 6 replies
It sat vacant for 2 years while being fixed due to a small kitchen fire and the need to seek a public claim adjuster.
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6 March 2024 | 12 replies
You can do most of the screening process and background check part from afar and get a new tenant set.
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5 March 2024 | 8 replies
Your bank can give you instructions to share with tenants so they can set up direct deposit from their bank to yours, without software.
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5 March 2024 | 8 replies
It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!
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5 March 2024 | 6 replies
I stay away and do not allow the 5 piece vinyl sets because the seems fail.