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14 May 2024 | 7 replies
Just that maybe they will be the best for a year or two when it comes to rate and then you will see a 200% increase.
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13 May 2024 | 11 replies
To combat this problem, a great management company who will have your back and navigate the ebb and flow of the ever changing climate of these rental sites is essential.Regardless of industry, when one or two of the providers consolidate power and foreclose all competition, this type of behavior inevitably follows.
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15 May 2024 | 4 replies
Sure, you can find a few deals, probably close one or two.
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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 | 8 replies
We have been using primarily the white quartz for the last year or two.
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15 May 2024 | 17 replies
And you also hit the nail on the head there, I was even thinking that if appreciation is what we are looking for then maybe moving her to CA is best, but we would just have two properties which wouldn't be assets and only liabilities for a long time.
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14 May 2024 | 7 replies
I've found good luck using two methods to find reliable work.1.
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14 May 2024 | 16 replies
If you're prioritizing the headache factor, having one tenant is always going to be easier than manage than two, but I think what's more important is that you're vetting your tenants thoroughly no matter what type of property you get.Good luck!
13 May 2024 | 6 replies
My wife and I are fortunate enough to have two W2 jobs making ~$150k / yr each.