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8 October 2024 | 5 replies
State Farm and Obie Insurance are who I typically use for investment properties.
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16 October 2024 | 1 reply
What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.
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10 October 2024 | 25 replies
These properties are in the B to A class range, 2002 built so this is the first time needing an AC system replacement.I am curious what everyones thoughts are here, would you go with the nicer system since you will have the property long-term, or is the $1,000 cost difference too steep for you?
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17 October 2024 | 3 replies
We would either keep it as a cash-flowing rental property or fix it up and move in to it and rent our house.
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18 October 2024 | 0 replies
The property portal’s new forecasts call for national home prices to rise 2% in 2024, and just 0.9% over the next 12 months (now through September 2025).
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18 October 2024 | 7 replies
I have properties in the city that I allow pets bc I know those tenants will be required to clean up after them per city laws.
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16 October 2024 | 17 replies
@Caleb L.I would say it is fine, so long as your job is not just to find a property for an investor by middle man communications between a broker and the investor for a small payment (pretty much what a broker does).
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16 October 2024 | 10 replies
I bought a wholesale property last January using a hard money loan with 80k in renovations.
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17 October 2024 | 2 replies
I have a mix use building in CT. the ground floor tenant is a bar/restaurant that recently moved in. they got a $2M General liability insurance and is asking if that's enough. or if they should get an umbrella. the property is valued at around $700k, fyi. where can i read up on best practices for such a case?