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28 October 2024 | 6 replies
The renovation is complete and the property has been on the market to rent for about three weeks.
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10 October 2024 | 25 replies
I followed up with the AC company and they ended up recommending that we go with option 2 (for $7,280).
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9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
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29 October 2024 | 3 replies
Of Course, but where would be a good place to find a good Powerpoint template to use for the Pitch Deck/Investment Memorandum?
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4 October 2024 | 35 replies
Not taking no for an answer took the matter in my own hands, and posted the story on a few real estate sites (including here) about the situation.
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28 October 2024 | 2 replies
While it's been an okay experience, I haven't felt like I'm gaining the knowledge I hoped for; if anything, it feels like I'm moving further away from it.
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28 October 2024 | 6 replies
The investor's theory behind his suggestion was to use the 500k loan to wipe all debt and only pay on the new loan, I'm not sure if this would be advantageous financially due to my current debts monthly payments set at: LTR = 1900MTR = 1500HELOC= 550Vehicle = 850Total = 4800 monthly At current loan rates for 500k, and a 800+ credit score be a lower monthly than the $4800?
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9 October 2024 | 11 replies
- Will I have a dedicated property manager or rotate through a team?
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28 October 2024 | 13 replies
We also use the spectrum supplied modem, but we supplement it with the google nest mesh wifi system.
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5 October 2024 | 15 replies
Then see what they paid for cleanings, usually it’s a pass through expense.