Christopher Robert Noland
How to turn an owner finance deal into a 30 year rental loan without 20 percent down?
23 November 2024 | 6 replies
The seller will also be incentivized to extend their seller carry if there’s been no appreciation or the building has deteriorated during those 5 years.
Najeh Davenport
Need Advice on Appraisal Issues and Refinancing Options
23 November 2024 | 11 replies
No improvements have been made, but nothing has deteriorated either.
Stevie Kim
Money Pit Could Have Been Prevented?
25 November 2024 | 1 reply
Inspections may cost more upfront, but they can save you from significant headaches and unexpected expenses down the road.Negotiate Hard: Use inspection findings as leverage.If the HVAC is near the end of its life, negotiate a credit for its replacement.If the cast iron plumbing is deteriorating and needs replacement, ask for a credit as well.Sellers often prefer negotiating credits over doing the work themselves.To give you an example: I was once under contract for an old house priced at $170,000.
Gregory Banks
Basement crack repair estimates - who to trust?
20 November 2024 | 10 replies
Mortar, paint & bonding materials deteriorate leaving cracks, gaps, etc. which can be concerning to look at, but this is very often addressed with repointing.
Chris Seveney
Note Investing: Like Watching a Jerry Springer Episode Unfold
25 November 2024 | 13 replies
Meanwhile the property was deteriorating and tenants complained and got Dallas County Housing Authority involved.
Wang Windy
Should I replace or repair the roofs after the hurricanes
13 November 2024 | 1 reply
Has a ten-year-old roof 3-tab, but the condition is more deteriorated compared to its relatively young age.
Julio Gonzalez
When to Capitalize vs Expense
5 November 2024 | 0 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.
Roland Stone
Anderson Business Advisors
9 November 2024 | 14 replies
Believe me - as a "Titanium Client" for 5 years - I have used ALL of their services, and I KNOW first-hand how Anderson's service has, SADLY, deteriorated.
Fetch Phoenix
1 Property, 3 doors - should we set up a Real Estate LLC?
19 November 2024 | 9 replies
You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.
Jean G.
How much to bid on commercial NPNs (past maturity)
17 November 2024 | 5 replies
The property may be deteriorating as the debtor delays and as his attorney stretches out initial court hearing (in BK court) for 6 months.