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22 July 2019 | 13 replies
@Caleb DrydenQuestion 1 & 2: I'll walk through an example, as I think that will better answer your question!
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8 March 2018 | 2 replies
For example if you go into a house and it needs paint, new floors a kitchen and bath, do you price it out per square foot?
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11 May 2018 | 1 reply
Example: Owners Name: Brian WilliamsAddress: 2332 Country Ln.
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10 March 2018 | 14 replies
If the title insurer is willing to say everything is OK then it doesn't matter.Here's an example...Let's say the issue is an unreleased deed of trust taken out in 1990 by the guy who sold you the property.
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5 August 2018 | 17 replies
For example, if you are renting out 1 bedroom units in a decent area of Cincinnati, even with Cincinnati Public Schools, you are most likely not dealing with school age children.
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19 March 2018 | 5 replies
A median tech salary is about $150k and fresh grads from top schools are making that much to start with.
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31 December 2018 | 18 replies
If you plan on managing remotely, you may have a whole host of issues that may not have been considered, for example if a blender breaks how do you handle that situation.Best success!
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11 March 2018 | 6 replies
For example, he borrowed $25K, paid me $3K in "interest", now I foreclose, have my purchase basis as $22K now, and am adding the costs of rehab and the foreclosure itself as part of the depreciable basis on top of that $22K, then will have my total basis here soon right before I put the house in service.
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9 March 2018 | 0 replies
What I’m looking for is an example of an “Exclusive Right to Lease” agreement for a commercial building and some guidance on how to charge (not fee specific) and maybe some tips on marketing such an animal.
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14 March 2018 | 7 replies
Two of the safe harbors that can help you deduct improvements are below:1) 2500 de minimis safe harbor.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)you need to have 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 property.2) Small taxpayer safe harbor: To be eligible for the safe harbor, the total amount of improvements for the property for the tax year may not exceed the lesser of $10,000 or2% of the property's unadjusted basis.If the total amount paid exceeds the safe harbor threshold, the safe harbor does not apply to any amounts spent during the tax year.