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6 June 2024 | 1 reply
Scott’s “book on estimating rehab costs” and am having a hard time finding the bonus content.
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5 June 2024 | 4 replies
Some examples of this would be 1) depreciation calculations such as switching from straight-line depreciation to accelerated depreciation (often used for cost segregation studies when not performed in the year placed in service), 2) income recognition, and 3) inventory valuation such as changing from LIFO to FIFO.Correcting a mistake: If you realized that you used an incorrect accounting method after you filed your tax returns, you can file this form to request permission to change to the correct accounting method so that your tax reporting is accurate.Here’s a chart that you may find helpful when deciding whether you need to amend your return or file a Form 3115.As always, I recommend consulting your CPA or tax advisor as the rules can be complex.What is your experience with filing a Form 3115 or amending your tax return?
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6 June 2024 | 0 replies
And don't get me started on grocery stores – building one in Worcester instead of Shrewsbury would cost the property owner an extra $220k annually.City councilors, can we please get some action here?
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4 June 2024 | 54 replies
@Jarrett James you said other investors got together and split the cost.
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6 June 2024 | 6 replies
After taxes and selling costs we should net roughly $700-850k depending on final sale amount.
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3 June 2024 | 5 replies
Having realtors, lenders and repairmen willing to give you time and cost effective services requires the surety of more work.
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5 June 2024 | 6 replies
Land costs make it very inefficient to build 1-4 at a time.
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6 June 2024 | 7 replies
The neighbor's insurance will cover the cost to fix the damage.
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4 June 2024 | 3 replies
I would list with a realtor in that area for sure, a good one should effectively market the property for you, but I would ask them this same question and see what they do to market outside of just putting it on the MLS.
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4 June 2024 | 13 replies
You can get a second one for the property you wish to STR.There is a two-guest per bedroom limit, but there's no possible way they're going to bust you for going over it.All in all, the regulation is great if you live in the city because it effectively blocks outsiders.