
12 July 2024 | 7 replies
I am also getting 10k seller credit from seller, and could either use that one to buy down interest rate or just pay off the closing cost. the lender is giving me few option one with higher fund at closing and lower interest rate, and one with lower fund at closing with higher interest rate (about 0.2% difference) With the high interest rate right now, do you think it is better to do higher interest rate, and refinance later or should I just try to get as low as interest rate as possible and do not worry about refinance ?

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.

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".

11 July 2024 | 6 replies
My carrier, Mercury, opted not to renew because my buildings turned 60 in 2022 (policy cost = $11K).

12 July 2024 | 11 replies
Essentially delaying the eviction and costing us additionally vacancy.

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.

10 July 2024 | 3 replies
Some areas have specific departments or webpages dedicated to housing or zoning regulations that can provide detailed information.Another effective approach is to connect with local real estate agents or property managers who specialize in short-term rentals.

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.