15 October 2024 | 69 replies
It's a certification that the company meets basic industry-standard criteria.
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10 October 2024 | 6 replies
If you don't, or if you are still paying MI, then maybe you'll want to consider doing a standard cash-out refi.
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10 October 2024 | 1 reply
I've worked with dozens of investors who have tested both the standard and premium listings on Zillow.
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11 October 2024 | 8 replies
In my own experience, when a tenant needs 2 jobs (not 2 people have 1 job each) just to make rent standards will ensure frequent repeated late rent payments.Consistent long paying jobs and income history is more indicative of stable rent collections.Keep looking.
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9 October 2024 | 1 reply
But knowing its value is key for taxes.IMPROVEMENT VALUE:This is the value of all the upgrades you make to your property – like a new roof or an updated kitchen.These improvements can be depreciated, which means tax savings for you.3115:Filing this form can allow you to claim missed depreciation from past years.Basically you are letting the IRS know that you are moving from the standard deduction to an accelerated deduction.RECAPTURE:It's payback time!
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9 October 2024 | 28 replies
My cleaners handle it for me which is standard in my market and the markup to drain, fill and clean is only around $25 on top of the cleaning fee if I am not mistaken.
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10 October 2024 | 8 replies
They now have an exemption process, not sure of the exact standards for it but I exempted my ADU recently.
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14 October 2024 | 420 replies
Nothing different than Brandon Turner's "No money down" book I guess...Concepts definitely aren't new and 95% of deals still require some cash, but just like Brandon Turner's book it simply lays out some alternative options to your standard "go get a loan from the bank" buying/selling real estate methods.
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9 October 2024 | 9 replies
Assuming you are in the 22% - 24% federal tax bracket for most of your income, your tax would be about $76,000(disregarding standard/itemized deducitons and other income).If you can somehow show rental losses = $300,000, you would get a refund of her federal taxes and potentially state taxes also.
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11 October 2024 | 17 replies
When I have done new construction between $500k-$1M in cost the contractor asked for 5% upfront, to be reimbursed at the draw that completes framing, and this was fairly standard in its market.