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5 October 2024 | 15 replies
They have called the police on guests (in the middle of the day, for parking over a sidewalk in the driveway, for noise when guests were playing dominoes by the pool and on and on)…one neighbor yelled obscenities at my guests (in front of children), saying, “We don’t want tourists!”
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17 October 2024 | 1 reply
Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.
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3 October 2024 | 15 replies
Cash on hand is especially useful if you're first deal.
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30 September 2024 | 5 replies
Hi,I've been researching seller carry back financing for multifamily, and have talked to a few commercial lenders willing for the seller to carry the down payment for a apartments.
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4 October 2024 | 5 replies
Any structure ideas that would make more sense for me and the seller?
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18 October 2024 | 2 replies
Good Morning all, am in the process of selling my coop first per loan officer and will be buying coop (2bedroom) pending sale of unit on contract we signed- my question is when I do my taxes will I be hit with anything ?
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1 October 2024 | 1 reply
Upstairs (separate space with kitchen would rent for $500- as I already have someone lined up for it.Purchase price about 230k.
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17 October 2024 | 5 replies
Should be on BP as well under their list of recommended lenders.
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18 October 2024 | 0 replies
., Canada, and Mexico due to economic pressures on lower- and middle-income consumers.
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17 October 2024 | 8 replies
I like simplicity, which this does not seem to have, based on their website.That being said, as others noted, I would look at what your goals are first.