Jennifer Turner
How to modify terms of a seller-financed mortgage?
27 January 2025 | 10 replies
We have modified many seller financed notes over the years (with input from the servicer and a qualified attorney as mentioned by others).
AJ Satcher
Single HVAC System In a home with 2 units. Smells go right through duct-work!
15 January 2025 | 2 replies
Another idea could be to see if the HVAC system can be adjusted or modified to better separate the airflow between the units.
Alicia Howard
RV Depreciation for 2024 taxes
15 January 2025 | 5 replies
If the RV is not permanently affixed and retains mobility, it is considered personal property and depreciated over 5 years under the Modified Accelerated Cost Recovery System (MACRS).
Sami Gren
WHAT to do when adding a tenant to an existing lease?
7 January 2025 | 16 replies
Addendums can be added to a contract (in most cases), which modify the original contract, when legally executed (per the original contact terms).
Bob Avery
Understanding BP Lease Fields
9 January 2025 | 3 replies
Am I misinterpreting the purpose of the ___ fields, and they just mean "modify this in some way", and in the (G) instance the correct modification would be to delete the payment types which aren't accepted?
Melanie Baldridge
What is MACRS classification?
10 January 2025 | 0 replies
In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.
Sean Gallagher
Taking over an existing lease with addendums, RBP, BPP.
4 January 2025 | 11 replies
To simplify the existing lease I thought about asking the tenant if they would be ok modifying the addendums to get rid of the resident benefit package and the building protection plan.
Mitch Smith
Top Renovation Trends for 2025: Designs That Our Buyers Love
10 January 2025 | 2 replies
We try to find properties that either be modified while keeping the sales price in mind or have a flow that works just needing updating.The open concept is another point that works for some but not the way it was pre-pandemic in many areas.
Andrew Katz
What year do I count income for?
15 January 2025 | 9 replies
I would agree if we were talking about financial statements, but as I understand it, we are talking about tax basis reports.For tax purposes, one can use a modified cash basis when filing.
Pixel Rogue
Real-estate Exit Plan
20 January 2025 | 6 replies
- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.14 properties - presume these had to have been single families.Oh, I'm modifying the original post to mention leaning toward creating a trust which we manage..so we would own very little yet manage the trust which owned investments and such.Here is what I understand/misunderstand (better or worse) on moving every 2 years (as we are open to that albeit pia.) • Multi-unit would only support a %, so a quad would 25% and prorated over all years of ownership....witteling advantage to not worth the effort. • Single unit properties get pro-rated.