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23 February 2018 | 40 replies
*Newsflash* many people invest to set their future generations up for success.Being an "investor" doesn't entitle you to anyone's property and doesn't make them an "idiot" just because they wont sell to you to improve your portfolio.
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23 March 2018 | 3 replies
- refer to the original depreciation schedule but "pause it" so that I pick up depreciaiton as if no years had passed in between rental use (this doesn't sound correct, but it's an opinion I've come across in my research)- start fresh and ignore the previous depreciation schedule, picking the lesser of an adjusted basis (original home purchase value minus land value + improvements) or fair market value minus land valueI have spent several hours looking at IRS publications and searching forums with mixed or no advice.
21 February 2018 | 11 replies
:) = but I'd look to see what improvements can be made to lower your premium regardless if all quotes come in at similar prices.
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18 May 2018 | 6 replies
I will say that there is a lot of development in the works around these areas that should help improve property values.Stratford Estates/Ruskin Heights and Marlborough are all further south.
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24 February 2018 | 19 replies
You should see the rent going in, the expenses going out, the debt service being made, capital improvements being made and the waterfall to the investor; and follow those numbers from start to finish.
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20 April 2019 | 3 replies
MichaelI went with apex home improvements in greencastle.
4 April 2018 | 13 replies
That is how I got into it almost 20 years ago in Rochester & it has afforded multiple additional purchases & "practice" in this line of work, all while maintaining a regular full time job.
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28 February 2018 | 11 replies
@Jonathan Polanski The agent might be trying to buy for himself (conflict of interest), trying to keep the entire commission (horrible business practice), has had a bad past experience with your agent (unlikely but possible) or has a preferred investor lined up.
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22 February 2018 | 6 replies
I simply work to add value to a property by improving it, and then I realize those profits.
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2 March 2018 | 14 replies
But plaster builds up REAL fast, more than 100 sq ft is beyond the practical, and you'll need to pay for either a dumpster or a hauler.