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14 November 2024 | 2 replies
But wanted to get a second opinion if thats correct as in online videos i did not see something like this.thanks
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14 November 2024 | 7 replies
Las night, she sent a text (along with a video) showing that the hot water doesn't come on from the kitchen faucet.
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15 November 2024 | 5 replies
So the seller is essentially saying the tenant is paying 25 days late each month with their permission.
19 November 2024 | 28 replies
I heard a guy on Bigger Pockets video give a formula to use to consider if you should sell: If your equity is more than 7 years of cash flow, then you may want to consider selling to get your equity out.
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13 November 2024 | 4 replies
A video is best for this.
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13 November 2024 | 2 replies
Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.
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13 November 2024 | 7 replies
@Ryan YuWhen you refinance a property, you’re essentially taking a loan against the equity in that property.
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14 November 2024 | 9 replies
You don't have pics or video of the completed job?
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15 November 2024 | 13 replies
Essentially you create a parent LLC with each property in it's own secondary or child LLC.
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14 November 2024 | 4 replies
Essentially there are investors out there that can build a large enough portfolio with little debt that can cash flow enough for a great life.If you want to scale to many properties then you will want to consider leveraging your existing properties.