Cost segregation utilizes the MACRS approach. The key is to identify personal property from real property. Tangible personal property identified in a cost segregation study is what allows you to accelerate depreciatio...
I've been having issues with my hard money lender in completing the draw funds on my rehab loan and also setting up the inspection for the draw request. Wanted to know what I can do. Thank you in advance
Me and my partner are trying to get into the flipping business. We only have about 50k put together and we don’t know how to start. We would like to flip a single family home as our first flip but the market right now...
Hey everyone, Im in need of some help...An acquaintance told me hes selling a property thats been in foreclosure - initially with a Bargain and Sales deed but now with a Quit Claim. He said it has a clear title...Its...
Unsure if this is the right forum... if not, can a moderator or someone move to the correct location.
I've been contemplating this for quite some time, but have never acted on it. Does anyone do daily journaling? A...
I'm a licensed building contractors in Florida. I know a older guy who did work with my employer on new construction. He wants to partner up and start working on projects with my license and I just keep up with the pa...
If you own rental property and also have a full time job, but you do not have an LLC (or any business for that matter), can you still deduct a car lease from your taxes? My girlfriend is a realtor, and when she didn't...
Hello everyone!My name is Jessica Marks, and I've been in the property management industry for almost 20 years. I'm leaving the corporate world to pursue my passion for property management coaching, consulting, and t...
Hello PP community –In June 2022, Texas allowed for two different types of series LLCs. One is Registered which you register the LLC with the State for $300 and it is easily provable as a separate entity due to the Se...
Hi! I am very eager into purchasing multi-family homes. I do a have a few friends interested in funding which makes me think that I need to form an LLC. I’ve read that it’s harder to get a loan with an LLC. Has anyone...