Steven Hood
New to REI Raising Capital for first investment
7 May 2023 | 2 replies
You should be able to express your goal in one minute and then expand if questions are asked.
Anthony Lewis
Remington Financial Changes name to Remington Capital let me here your stories !
21 June 2011 | 5 replies
They make big promises but didn't deliver. I
Mike G.
Requesting help in understanding safe harbor applications
17 October 2017 | 3 replies
The safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1) at the beginning of the tax year, the taxpayer has written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by the invoiceNote: The cost for the Unit of Property includes l additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the tangible property.Eg:A purchases 100 printers at $500 each for a total cost of $500,000 as indicated by the invoice.
Andrew Namkoong
Depreciation Basis for BRRRR property
23 October 2017 | 3 replies
(2) The taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize) (3) The amount paid for the UOP doesn't exceed $2,500. as substantiated by invoice ( hopefully the cost of the individual rehab cost is less than 2500 for you)Note: The cost for the Unit of Property includes l additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the tangible property.
Paul Wakim
First Flip(s) Financing Question
31 December 2016 | 7 replies
Traditional bank loans typically offer the best rates and terms, however, due to all the paperwork and vetting required, they are not always the best option for investors for reasons that you express in your post.
Sean Kollee
inner city duplex post 48-58
18 July 2017 | 1 reply
The semi detached project has benefitted from a couple barn doors and finally we were able to hang them (needed carpet and finishers to come back).Post 55 - appliancesAppliance delivery is another nice progress milestone in the project.
Jerry Alvey
Air conditioner needed
7 May 2018 | 3 replies
If you want to buy online and fast delivery, look for Mini Split Warehouse.
Jacob Mendrin
Being sued for keeping security deposit.
30 June 2018 | 35 replies
That seems to be the misunderstanding that should have potentially had more clarity.Thanks Doug, the agreement was completely verbal and done through my realtor who I am not sure even expressed my true wishes to the buyers in the first place.
Scott Lewis
Proposed Housing Code Changes in Wilmington, DE
23 July 2019 | 7 replies
Dwellings that are unfit for human habitation are provided only three days to comply.Change the requirement that the City mail notice to the “last known address,” to instead, the property address and the tax address, and provide that the time notification period begins to run on the earlier of: five business days from the date of mailing; the date of actual delivery; or the date the notice is posted.Change the appeal fee charged to citizens who choose to challenge a citation from a non-refundable $50 to a refundable fee if the appeal is successful.Change the time in which a person may appeal a citation from 10 business days to 20 calendar days.Amend the code to require distribution of housing and rental program information by the City to owner occupants and tenants during all inspections.Amend the code to require quarterly reports to City Council providing the results of rental inspections and other information the L&I Commissioner determines should be included."
Account Closed
Does anybody add utility charges?
1 March 2016 | 31 replies
Over the years i'm aware of two cases that were in the news where a developer and a landlord were found to be a utility provider and were fined for being 1. unregistered and 2. out of compliance in the delivery of utilities.