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19 March 2024 | 0 replies
Here are a few incentives as noted by the IRS:168(k) - Special Allowance for Certain Property (Bonus Depreciation)179 - Election to Expense Certain Depreciable Business Assets Other incentives included in the tax code, however, may reduce the need for a taxpayer to perform a cost segregation study because they give preferential treatment for certain qualifying 1250 property such as 168(e)(6) - Qualified Improvement PropertyHave you utilized either of these incentives as part of your cost segregation study?
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17 March 2024 | 17 replies
Run a Worse Case Scenario.( Get some solid numbers from a property manager).Multiply monthly expenses by the number of months that it takes to get an eviction.
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18 March 2024 | 4 replies
It is very expensive though, and for a duplex it's not worth it.
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19 March 2024 | 14 replies
The longer you wait, the more likely mold starts to form and creates additional expenses and damage for your project.
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20 March 2024 | 24 replies
I am trying to at least reduce my monthly housing expense to under 1k.
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18 March 2024 | 9 replies
Just keep track of all your costs, expenses, etc and at tax reporting time enter all the information.I found it invaluable as a tool to learn more about tax law and play with "what-if" scenarios.
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18 March 2024 | 3 replies
Here's a simplified and effective approach: Gather Information: Obtain details about the property, including its purchase price, estimated rental income, expenses (such as property taxes, insurance, maintenance costs, and property management fees), vacancy rate, and any financing terms (e.g., interest rate, down payment, loan term).Calculate Gross Rental Income: Determine the total potential rental income the property could generate annually.
18 March 2024 | 2 replies
The average agent works 30-50 hours and earns less than $45,000 a year.Reduce commissions and agents will go back to W-2 jobs, which is what 87% of all agents do already.
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18 March 2024 | 11 replies
Dayton average home is about $130k and they are aggressive on demolition to create a housing shortage.
17 March 2024 | 8 replies
The zoning maps may show that you can build but the geology would make it to expensive for someone to actually build with out losing money.