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7 May 2024 | 14 replies
It really depends on the neighborhood, the type of tenants you have (and can attract) and what the financials look like on whether this situation was worth it ten years from now or not.
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8 May 2024 | 2 replies
Hi Quinton, I'm currently building a software app to help easy manual and transparency issues with RUBs and offering smart device integration for submetered properties.
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7 May 2024 | 3 replies
For example, I like to buy in Class A neighborhoods and I've found that wholesalers typically don't have much in those neighborhoods.
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9 May 2024 | 19 replies
Would love to learn about pain points from other property managers.So I have a career background working in software and am currently applying simply builds to common monthly tasks such as sending, receiving, and logging payments for rents.
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9 May 2024 | 9 replies
Having said that, I completely understand the value of having others to help build your business.
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9 May 2024 | 5 replies
Building a solid foundation through networking is crucial for overcoming any obstacles that may arise.
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9 May 2024 | 2 replies
Someone from the company should perform a site visit of the property to do a thorough analysis and ensure eligible components are identified accurately.Licensure and experience: The firm should have licensed tax specialists and engineers and this is recommended by the IRS.Experience with your specific type of property: Not every property is treated the same whether it be office buildings, self-storage, restaurants, gas stations, mobile home parks, residential properties, multi-family, or car washes.
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7 May 2024 | 1 reply
Nonetheless, if you have the risk tolerance, several neighborhoods/subdivisions are worth exploring.
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8 May 2024 | 7 replies
My other question is can you please explain how to remove the building and depreciation reported under the individual tax return when transferring the property to be recorded under the partnership return?