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27 August 2024 | 1 reply
You can take advantage of bonus depreciation and accelerated depreciation deductions to offset your passive income.With the 1031, you might have excess basis which is eligible for bonus depreciation.
26 August 2024 | 2 replies
We get about $900 in excess.
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27 August 2024 | 4 replies
They might tell you they can't release any info to you without SS number or some kind of authorization or detailed info.Who knows how fast a lender forecloses.
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28 August 2024 | 11 replies
The individual is not a senior officer of the reporting company.The term “senior officer” means any individual holding theposition or exercising the authority of a president, chieffinancial officer, general counsel, chief executive officer,or chief operating officer, or any other officer, regardless ofofficial title, who performs a similar function. Yes NoInheritor (Exception #4)An individual qualifies for this exception if the following criterion applies:1.
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26 August 2024 | 13 replies
I look up the seller's name on the appraiser's web site and then run it on the Clerk's web site to see how many transactions he has done before.
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28 August 2024 | 22 replies
I heard about Steadily from the authors of the latest BP book on self-managing.
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27 August 2024 | 10 replies
The tax authority may have only assessed the value of the completed portion or the property for part of the year.
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26 August 2024 | 4 replies
Even their still under construction web page is wrong.
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26 August 2024 | 3 replies
You asked about a property you have listed for sale and property taxes that are coming due and the consequences of not paying them until the property sells.Generally, the local taxing authority will impose an interest penalty on any unpaid balance after the due date with a long grace period before you would have to worry about unpaid property taxes affecting your ownership of the property or your ability to sell.In all likelihood, the property taxes will become a part of the closing and will be deducted from your proceeds at the time of sale.By the way, property taxes are always in first lien position ahead of any other debts like mortgages.
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26 August 2024 | 2 replies
@Nina PenuelaOne of the things we have seen, specifically in Ohio and Indiana is local building authorities target out of street owners with ridiculous fines and make life miserable.Had one where the porch light was out and charged a $50 fine.Another one claimed grass was not cut because it rained for 1+ week and did a $400 fine.