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14 May 2024 | 25 replies
Quote from @Wilson Hunter: Now that I have Airbnb and VRBO traction on multiple vacation properties I would like to explore creating a direct booking website for family, friends, and repeat guests to book without all the platform fees.What are recommendations on website service that allows for (1) multiple properties (2) running transactions (3) synced calendars?
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15 May 2024 | 7 replies
The rehab budgets are held in escrow and allow you to make draws after work is completed.
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14 May 2024 | 43 replies
Sports teams have brought some of that attention.
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13 May 2024 | 1 reply
HelloSeeking an experienced real estate with a team of contacts ( handyman, accountant, lenders, etc) and mortgage lender in Edmonton AlbertaThank you
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16 May 2024 | 74 replies
We take pride in having clean properties to attract multiple applicants which allows us to pick the very best ones.
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15 May 2024 | 14 replies
If you DM me with the address, I can have my team do some basic due diligence for you to see if we can point you in a better direction.
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15 May 2024 | 4 replies
It would also allow me to wholesale skinnier deals or ones I don’t have bandwidth for.My strategy framework is below:Narrow focus on lead generation.
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14 May 2024 | 10 replies
You must generally file Form 3115, Application for Change in Accounting Method, to request a change in your method of accounting for depreciation.The following are examples of a change in method of accounting for depreciation.A change from an impermissible method of determining depreciation for depreciable property if the impermissible method was used in two or more consecutively filed tax returns.A change in the treatment of an asset from nondepreciable to depreciable or vice versa.A change in the depreciation method, period of recovery, or convention of a depreciable asset.A change from not claiming to claiming the special depreciation allowance if you did not make the election to not claim any special allowance.A change from claiming a 50% special depreciation allowance to claiming a 100% special depreciation allowance for qualified property acquired and placed in service by you after September 27, 2017 (if you did not make the election under section 168(k)(10) to claim a 50% special depreciation allowance).Changes in depreciation that are not a change in method of accounting (and may only be made on an amended return) include the following.An adjustment in the useful life of a depreciable asset for which depreciation is determined under section 167.A change in use of an asset in the hands of the same taxpayer.Making a late depreciation election or revoking a timely valid depreciation election (including the election not to deduct the special depreciation allowance).
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14 May 2024 | 1 reply
If so, would this allow me to deduct rental expenses below the amount of your rental income?
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14 May 2024 | 0 replies
Rehab delay city allowed repairs during business hours only.