Andrew Schellpeper
House Hack to Springboard a company
5 June 2024 | 0 replies
my land sits (with my beautiful sign on it), I am paying interest only on the land for now (since March 2024) and I can't get construction financing, and I am growing frustrated each and every passing day.
Honour Onovae
Starting out advice needed!
6 June 2024 | 6 replies
Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.
Shravan Hemchand
Cost Segregation on new construction - STR
6 June 2024 | 19 replies
@Michael Plaks has a great post on this topic.2 - Assess the value of those tax deductions to you: The value of a deduction depends on (a) whether you're actually able to use it to reduce taxable income and (b) your marginal tax rate.As an STR, assuming the average rental period is 7 days or less, key items to consider are: (a) material participation and (b) avoidance of "excessive" personal use.
Jacob W.
How can I purchase a property from a trust?
5 June 2024 | 2 replies
@Jacob W.It’s the same as every other transaction - trustee will execute the documents
Brian Plajer
Our new vacation rental on Emerald Isle NC
5 June 2024 | 13 replies
We also bought 4 new bikes the day of closing and had them shipped to our property manager who assembled them.
Laura Williams
Coinless laundry systems for multifamily- Good or bad?
4 June 2024 | 4 replies
@Gino BarbaroWe got a bid from Caldwell and they wanted 1.75/day per machine plus monitoring and credit card fees plus every year the price goes up by CPI min 3% & the contract is for 8 years.
Conrad Meier
Title and/or Deed Issues Attempting To Sell Property Recently Purchased
5 June 2024 | 24 replies
Have a great day!
Julio Gonzalez
Amending Your Tax Return vs Form 3115
5 June 2024 | 4 replies
I prefer a 3115 all day long.
James Lucero
Buying Rental Properties With Below Market Tenants
6 June 2024 | 7 replies
Sometimes tenants are willing to negotiate if they understand your reasoning.If you decide to go ahead with the increase, give the tenant written notice within the required time frame, usually 30-60 days.
Bruce Lynn
AP at larger properties
4 June 2024 | 4 replies
Seems like word would get out, but maybe there are enough smaller vendors looking for work that they're willing to take a chance.I remember back in the day there were issues with banks/lenders wanting us to take on AP for them with all the property preservations.