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7 June 2020 | 7 replies
And then, when allowed by courts, follow up with eviction notices and small claims court filings.
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9 June 2020 | 7 replies
Even if at risk limitations reduce the amount you can claim in a given year, unused tax deductions will carry forward to the next, so it's a "use it, or lose it" situation.
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9 June 2020 | 7 replies
Many of the costs I believe are probably a little unrealistic but assuming the property can cash flow with these numbers, hopefully it can do much better once purchased
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8 June 2020 | 3 replies
Make sure that she qualifies with the hours for materially participating in the real estate activity on your properties, in order to be able to claim those losses as non-passive.That being said, believe it or not the top two property types for bonus depreciation are Mobile Home Parks and Golf Courses, because they are mainly 'land improvements' that depreciate on a 15-year schedule and qualify for 100% bonus depreciation.But it sounds like you are more interested in SFR or small MF, the larger cost basis, will proportionately give you more depreciation.
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25 April 2021 | 8 replies
The Collateral paragraph says: All tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code.
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12 June 2020 | 6 replies
What gets weighed heavily is claimed rental income on the last few years of tax returns.
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10 June 2020 | 40 replies
He is claiming that the bank is requiring this fee for insurance on the wire transfer and can not complete the funding until I send more funds to him.
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12 March 2022 | 11 replies
Without getting into detail, you'd most likely either have to pay cash, get a commercial loan, or quit-claim deed the property from your name to your LLC which would double your closing costs if it's even legal in FLA (varies by state).Hope that helps.
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9 June 2020 | 2 replies
I will be moving to a new town soon that has a much better market for me to invest in to kick off my journey in real estate.I have read alot here, but never came across something like this question.My current landlord claims she doesn't own a property I am renting, but she is the owner of this and many properties per tax assessors documents.She has avoided answering the question about where I send my new address a few times now causing me to dig up the public records.Am I about to get scammed out of my deposit?
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9 June 2020 | 4 replies
This prevents a tenant from coming back 3 months down the road and claiming they paid a double deposit or that the landlord offered them a rent reduction or to paint the bedrooms.