Hello everyone. My first post on here after being a long time follower to soak up as much information as I could from the experience on this forum. This forum is a primary factor that led to me finally taking the plun...
I am new to the concept of bonus depreciation and trying to get a better understanding. In the first year of business (2023) should I use bonus depreciation for improvements, furniture, irrigation, landscaping? Can I ...
I have a former primary residence I want to convert into a rental. We would like to have the property to an LLC for liability purposes and then have the LLC owned by our Family Trust for Estate Planning purposes. Howe...
Dear all,Any of you have done multiple rental properties grouping election as per Regs. Sec. 1.469-9(g)?If so, care to share sample text of the letter you sent to IRS? Or point me to proper resources? I don't believe ...
Hi guys!I'm eager to start browsing your community and picking away at your collective minds. I've been listening to the podcast for a long time, but have only just decided to take the plunge and join the community.I'...
hey guys -- new to the space and community, really grateful for the resource. Have had a great year of income from private client projects and looking to deploy some capital to building sustainable structure for my fu...
Hi everyone! So I'm under renovations for my first property and I used a conventional purchase and renovation loan, not knowing how tedious the draw process would be for me and my GC, but saw it as the most convenient...
I'd like to apply for a home loan so I can purchase a property in Dallas TX that I'll rent out. I own a small IT Consultancy business in MD and have a good credit score. However, I've been self-employed since 2010. Fr...
HI - not sure if this is the right group, but hoping it is. I just joined this site as I am researching options for developing existing property in a highly marketable area in Boston. We own a one-story commercial bui...
Hello everyone,
I'm selling a flip that is empty. Has anyone had success or indifference in staging a empty house ?
Thank you,