For us, furnishedfinder leads have dropped off somewhat since the pandemic, but I don't think that is the fault of FF.

When you depreciate that portion of the asset, you reduce your basis, and ultimately increase your future tax liability in exchange for the write off in the current year.1) What is your short/long term plan with the property? 

Happy to share some experiences I've had as someone who started off by investing out of state. 

After the property is renovated and rented out, they seek to refinance the property with a traditional mortgage to pay off the hard money loan and potentially extract some cash.However, some lenders impose a seasoning period for refinancing, which means that you must hold the property for a certain period (often six to twelve months) before refinancing is allowed.

This eliminates the need for a tear off and the expensive labor and disposal fees for that.

Even if they’re paid off and you don’t have the mortgage interest to write off.

One store manager even gave us 20% off our entire purchase because we were buying so much.

He told me that mold coverage was taken off all insurance policies nationwide in 2005.

Upon retirement, I have the option to allocate a significant portion of my income to pay off all four properties.My inquiry arises from an opportunity that recently presented itself: the chance to invest in new duplexes in Indiana.

Seeing how little of principal is paid off in the beginning of the loan cycle, my urge so far has been to throw what I have as extra payments chipping away at that mountain, but I’ve been also thinking lately if that’s a wise practice.