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23 March 2018 | 3 replies
I would then put it back into service when the property is again used as a rental.example.1/1/2017 - 3/31/2017 used as a rental4/1/2017 - 6/30/2017 used as a personal residence7/1/2017 - 12/31/2017 used as a rentalCalculate depreciation from 1/1/2017 through 3/31/2017 and have the software calculate depreciation.Retire the asset from 4/1/2017 through 6/30/2017Then put the asset back into service from 7/1/2017 and 12/31/2017.It is important to put the accumulated depreciation back into the asset because this is your adjusted basis when you plan to sell the future again.Converting the property to personal and back to rental does not reset your basis.
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20 February 2018 | 3 replies
For example: You can't ask for a pet deposit for a service animal.
21 February 2018 | 11 replies
Maybe laziness is a poor choice of words, the industry is more of a marketing game than a true service business.
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24 February 2018 | 7 replies
Debt service is higher (with both) which makes it more challenging to make the mortgage and with zero down you have very little incentive (without a full-recourse lone and assets) not to walk away.
3 March 2018 | 5 replies
I had not considered Air BNB but that is definitely an option, I have found one prop management company that charges 5-7% depending on services offered.
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20 February 2018 | 3 replies
Raymond Hill Everything the debt service and PROFIT!
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23 February 2018 | 15 replies
A lot of paperwork for me to, but customer service and all their fees were pretty reasonable.
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24 February 2018 | 19 replies
You should see the rent going in, the expenses going out, the debt service being made, capital improvements being made and the waterfall to the investor; and follow those numbers from start to finish.
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21 February 2018 | 0 replies
hi everybody as you know i've been a BP member for a while now so that means i have some insight as to what the markets are offering on a daily bases and now i've come to the area of where i need to find where the market is for selling mortgages similar to how you would list your home well i need mortgage listings that are non performing and performing i wonder if the mortgage servicers that are owned by the banks or that operate on the beneficiaries behalf know anything about this?
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22 February 2018 | 10 replies
I have been attending the INREIA which is more information driven than pitching products and services.