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14 November 2024 | 9 replies
Do you want to buy something more turn-key or are you open to some level of rehab (more than just new carpet and a coat of paint)?
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14 November 2024 | 0 replies
Replaced the carpet with hardwood floors & new trim, painted all the walls, and completely renovated the bathroom What was the outcome?
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14 November 2024 | 10 replies
&1245 property aka anything that can be accelerated such as 5, 7, or 15 year property like carpets, cabinets, or other site improvements.
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12 November 2024 | 2 replies
.- $150k worth of 5/7-yr property which is appliances, cabinetry, carpets etc.This is pretty typical for a commercial property cost segregation, and I see nothing wrong with it.The problem is in the line above that, called "Selling price."
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15 November 2024 | 5 replies
They don't care about your criteria, since it's not going to change the kind of deals that they come across.The take-away here is not to be like most newbie wholesalers: Don't do "carpet-bomb" marketing!
13 November 2024 | 8 replies
HelloI have a tenant who is asking for upgrading carpet and flooring, while its not in bad condition, it is getting old (~7 years) - I agreed to get it upgraded.
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12 November 2024 | 15 replies
For example, we finish the basements with indoor/outdoor carpet (instead of LVP, which makes it feel a lot more homey), because we know parents go nuts in the winter if they can't send the kids downstairs to pay - or have a space for the guys to watch the game on Sunday.
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17 November 2024 | 30 replies
Actively marketing the property and handling tenant relationsCost Segregation: allows you to accelerate depreciation by breaking down the property into different components, such as personal property (appliances, carpeting, etc.) and land improvements (landscaping, parking lots, etc.), which can be depreciated over a shorter period typically 5, 7, or 15 years rather than 27.5.
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5 November 2024 | 6 replies
No carpet and fully renovated.
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21 November 2024 | 305 replies
@Houston Pitts We remove any/all carpet and replace with either durable vinyl, engineered hardwood or ceramic tile.