Chaz T Johnson
Optimal rental property purchase to utilize Bonus Depreciation
8 June 2020 | 3 replies
Make sure that she qualifies with the hours for materially participating in the real estate activity on your properties, in order to be able to claim those losses as non-passive.That being said, believe it or not the top two property types for bonus depreciation are Mobile Home Parks and Golf Courses, because they are mainly 'land improvements' that depreciate on a 15-year schedule and qualify for 100% bonus depreciation.But it sounds like you are more interested in SFR or small MF, the larger cost basis, will proportionately give you more depreciation.
John Underwood
EIDL loan - Use of Funds
25 April 2021 | 8 replies
The Collateral paragraph says: All tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code.
Tyshawn Best
Appraisal/ Refinance first or Get Renter First?
12 June 2020 | 6 replies
What gets weighed heavily is claimed rental income on the last few years of tax returns.
Chris Howell
Need help possible funding scam!
10 June 2020 | 40 replies
He is claiming that the bank is requiring this fee for insurance on the wire transfer and can not complete the funding until I send more funds to him.
Danh N.
Upcoming recession and how to take advantage of it?
11 June 2020 | 12 replies
But I think medical office, urgent care etc.
Evan Jones
Acquiring Loans for Investment Properties
12 March 2022 | 11 replies
Without getting into detail, you'd most likely either have to pay cash, get a commercial loan, or quit-claim deed the property from your name to your LLC which would double your closing costs if it's even legal in FLA (varies by state).Hope that helps.
Joey Noble
Paralyzed from the neck down, Power from the Neck up
8 June 2020 | 1 reply
After reading Rich Dad Poor Dad, for the first time, I began to think about the reality of my situation concerning how I'm going to pay the enormous medical bills that comes with my condition, also what kind of quality of life I wanted, and was possible.
Ryan W.
About to get first property. Weird question.
9 June 2020 | 2 replies
I will be moving to a new town soon that has a much better market for me to invest in to kick off my journey in real estate.I have read alot here, but never came across something like this question.My current landlord claims she doesn't own a property I am renting, but she is the owner of this and many properties per tax assessors documents.She has avoided answering the question about where I send my new address a few times now causing me to dig up the public records.Am I about to get scammed out of my deposit?
Drew Gedemer
Inheriting Tenants - What Should I Ask For From Seller?
9 June 2020 | 4 replies
This prevents a tenant from coming back 3 months down the road and claiming they paid a double deposit or that the landlord offered them a rent reduction or to paint the bedrooms.
Ed McIver
Tenant move out and her mother moved in.
9 June 2020 | 3 replies
This is true even if the mother claims otherwise.