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17 July 2024 | 9 replies
When you recognize depreciation recapture on these types of assets, that depreciation is taxed as "Ordinary" income, therefore is not eligible to be included in an installment sale.
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17 July 2024 | 13 replies
Check on the property often and install cameras if you think it will be a problem.
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17 July 2024 | 9 replies
Occam's razor would say the neighborhood power outage was to blame, but I guess they thought we installed TVs, a refrigerator, stove, microwave, outlets and lights everywhere to trick potential guests into thinking we had electricity.
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17 July 2024 | 6 replies
A 6 ft fence will be installed between the 2 units
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17 July 2024 | 37 replies
We Install new everything so minor issues moving forward.
16 July 2024 | 4 replies
I purchased four installment payment contracts on contracts for deed.
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22 July 2024 | 120 replies
Not dissimilar to if they were installing sidewalks on your street and billed you back for it based on the frontage you have.
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16 July 2024 | 5 replies
To streamline this process, consider installing a lockbox at the property.
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16 July 2024 | 1 reply
Alternatively you could do a smaller a cash out amount and a private agreement for installment payments to each party secured as a second lien post closing.
15 July 2024 | 3 replies
One of my properties (in Palm Bay, Florida) recently encountered a leak which apparently occurred because the AC unit may not have installed properly.