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12 July 2024 | 6 replies
So....... with my previous CPA (who has since unexpectedly retired) we did a cost segregation study on an asset that was placed into service in 2021 which broke down the bonus depreciable items into 3 buckets, a 15 year bucket, a 7 year bucket, a 5 year bucket and the rest would be on a 39 year straight line depreciation schedule as it is a short term rental.
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12 July 2024 | 6 replies
Quote from @Scott Morris: It appears as if he runs one of those programs where they hook you on a low/free cost training and then hit you non-stop with "upgrades", and "higher levels of coaching".
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12 July 2024 | 5 replies
As in every case the area, cost, amenities play into scenario.Have never been above 30% in last 12 years, usually at 10%
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12 July 2024 | 11 replies
Essentially delaying the eviction and costing us additionally vacancy.
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9 July 2024 | 11 replies
We initially met with a couple builders my father has worked with previously and are currently awaiting for detailed breakdown of cost estimates.What would be recommended for taking out a loan for this build?
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12 July 2024 | 3 replies
I'm looking to deduct HELOC interest for costs related to making improvements on a primary home that is also used as a rental.
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12 July 2024 | 10 replies
Im assuming it would be up to the sheriff in ur area to remove immediately or will tell u to write a 10 day notice letter stating to leave or sheriff will remove and up to 90 days in jail and fines and court costs.
12 July 2024 | 3 replies
My deductible is high, around $4,200.I'm confused about whether I should try to keep the costs under budget and avoid using my insurance.
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12 July 2024 | 5 replies
If I proceed with adding one unit, around 1500 sqft, the construction and approval costs may amount to approximately $450K, which would bring the total property value to around $1.35 million.Given that some three-unit properties in Canton have sold for less than $1 million in the last two years, I'm uncertain whether adding this one unit and renting it out would be a wise investment.My questions are:Is adding a single unit worth the investment considering the current market trends in Canton, MA?