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2 January 2020 | 10 replies
I've also sent my promo material to the H.R. dept of many companies that do work in my town.
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9 October 2019 | 7 replies
Home offices should be depreciated over 39 years, not 27.5 years.Alternatively you can take the $5/sq ft safe harbor if the home office is less than 300 sq ft (most are), but I've found that the actual expenses method almost always produces a materially higher home office deduction and is generally the way to go if the taxpayer is okay with 1250 gain from depreciation later down the road.
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11 December 2019 | 4 replies
I dry their houses out or remove mold damaged and fire damaged materials, then we work together to restore their homes to almost brand new.
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12 November 2019 | 5 replies
That just isn't going to happen in any scenario.It doesn't matter if it ends up being a potential short sale either because, referring back to the first paragraph, you aren't going to take a property "subject to" with an active bankruptcy.Bank can call a note for any material breach of the covenants of the loan, if they aren't cured.
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11 November 2019 | 3 replies
It's just a matter of being able to hold on long enough to see that appreciation materialize.
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6 December 2019 | 9 replies
I had to supplement with other materials when it came to taking the test but it was convenient!
1 July 2020 | 25 replies
Normally, a roof is considered an integral part of the structure and would be subject to depreciation over 27.5 years or about 3.6% ($3,600) of the total project cost per year.But whenever I have a roof done I ask my roofer to itemize the cost of labor and disposal associated with tearing off the old roof and dumping the worn out material.
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9 November 2017 | 7 replies
I read in Brandon Turner's book that I can find out the cost of materials and double it to get a good estimate of the total cost of materials+labor together.
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23 July 2016 | 3 replies
My agent sent over an addendum to extend the closing since I'm using a rehab loan and I also had added that all hazardous materials must be removed prior to closing.
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4 February 2020 | 8 replies
The other catch is that when a deal does materialize, any marketing dollars we spent will be withheld from your finders fee.