4 December 2018 | 5 replies
HOA fee - If HOA fees are not paid, business will incur fines, so it is necessary to make the profit in the business.8) Marketing expense and advertising9) Cleaning and maintenance10)Commission (Expenses like commission, abstract fees, recording fees to obtain your mortgage are not deductible but rather capitalized )11) Insurance12)Legal and other professional fees(Tax preparation for business, not personal part)13)Management fee if applicable14) Points- you generally cannot deduct the full amount the first year but have to deduct them over the term of the loan.15) Repairs (Note always do repairs rather than improvements to rental because repairs are deductible right away and do not have to depreciate over few years as done for improvements.
30 November 2018 | 6 replies
HOA fee - If HOA fees are not paid, business will incur fines, so it is necessary to make the profit in the business.8) Marketing expense and advertising9) Cleaning and maintenance10)Commission (Expenses like commission, abstract fees, recording fees to obtain your mortgage are not deductible but rather capitalized )11) Insurance12)Legal and other professional fees(Tax preparation for business, not personal part)13)Management fee if applicable14) Points- you generally cannot deduct the full amount the first year but have to deduct them over the term of the loan.15) Repairs (Note always do repairs rather than improvements to rental because repairs are deductible right away and do not have to depreciate over few years as done for improvements.
29 June 2019 | 27 replies
The nicer areas are typically referred to as Canyon Hills and are mainly new builder communities and part of an HOA.
1 December 2018 | 8 replies
I had a bad last tenant who was butting heads with the HOA & it was a lot of headaches for me.My preference is to provide the tenant & me with the “security” of a year term, but have the option to move on if they’re a problem.Thanks for any input!
2 December 2018 | 1 reply
HOA just acquired this property in October from previous owner that was going into foreclosure.
3 December 2018 | 2 replies
The HOA is run by some savvy investors who see the value in keeping costs down; the chefs have to eat their own cooking.
1 January 2019 | 11 replies
I have been reluctant to buy condos because of the associated HOA monthly payments that could cost more than $250+ monthly, which can eat up the net profit and hurt the bottom line.
3 December 2018 | 2 replies
Daybreak also has HOA fees.
6 December 2018 | 3 replies
Need some guidance, I need to set up a fence at rental property (SFH), and HOA needs Survey to be done before I can set up Fence.
3 December 2018 | 1 reply
New to investing and wondering witch is a better way to start out as far as rentals, is it better to start with a lower price condo and dealing with HOA and a rental cap for around 190k or a duplex for 290k.