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6 November 2024 | 0 replies
& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.
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7 November 2024 | 5 replies
And keep an eye on what’s happening in the market, so you’re prepared when the time comes.House hacking is a fantastic way to start building wealth.
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6 November 2024 | 2 replies
It's the earliest recorded active lien according to the recorders documents and is showing up as the 1st on PropertyRadar.
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24 October 2024 | 3 replies
While this is all going on, what research have you done to compare LTR and STR options?
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7 November 2024 | 6 replies
Especially when you add the BP membership on top!
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6 November 2024 | 5 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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6 November 2024 | 12 replies
Working on a deal that the seller is open to carrying up to 10% of the down payment.
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24 October 2024 | 7 replies
This is most of what is done, and discussed, here on this platform.
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7 November 2024 | 1 reply
Same with STR's, you have more opportunity to change rates depending on time of year which this time of year is great for Phoenix.
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25 October 2024 | 10 replies
The price is posted, and it's the same with almost every other business.I would go online and do a rent comp analysis on what current market rents for your type unit are getting, and if you're afraid of losing them, then you can give them a discount.If a tenant has a larger space, more amenities, a parking space, then you can add additional rent.