Getting the deduction when abandoned or at the time of updating those asset classes and also getting the assets off the balance sheet to avoid future gain from sale price allocation.

These updates positioned the home to attract tenants seeking proximity to the planned casino development.

Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.

The HCV Department will keep you updated as HUD releases information.

If I switch up again, I'll loop back to this thread and update y'all!

Txs for updating us Bala.

Purchase price: $285,000 Cash invested: $135,000 Side by side 2-family properties (4 units in total), which needed either updating or a full build out.

Once updated, the building will provide modernized living spaces and support a significant rent increase, enhancing cash flow and property value.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Update: We closed on this property and went ahead with the short plat process to create the new 12 acre parcel!