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All Forum Posts by: Daniel Lamadrid

Daniel Lamadrid has started 0 posts and replied 2 times.

Post: $25K property to a $400K Lake House using 1031 exchanges

Daniel LamadridPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2
  • Votes 1

Very nice work Jake! That kitchen looks amazing. I'd like to RSVP for the lake house celebration party haha :)  It would be very useful to see how you allocated renovation budgets as Al Mac suggested. 

Post: Does 10% Cap rate include rehab & closing costs

Daniel LamadridPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 2
  • Votes 1

Hello, 

Why would we include acquisition and rehab costs in the cap rate since those costs only occur the first year, with initial purchase? 

And if we do include those acquisition costs, does that mean we should re calculate a different cap rate applicable for the second year and so on? 

Thanks!