Logan Rhea
Thoughts if this property flip Scope of work is too low
23 January 2025 | 5 replies
., HVAC tune-up, plumbing fixes)Deep clean entire property pre-listingEstimated Cost: $5,000Total Estimated Renovation Cost: $145,000Project TimelineWeek 1-2: Planning and DemolitionFinalize design and materialsObtain necessary permitsBegin demolition (kitchen, bathrooms, floors)Week 3-5: Structural and Major InstallationsInstall new cabinets and countertops in kitchenComplete bathroom tiling and vanity installationRefinish or replace flooringWeek 6-7: Painting and FixturesPaint interior and exteriorInstall lighting, hardware, and plumbing fixturesWeek 8: Finishing TouchesLandscaping and curb appeal updatesDeep cleaning and stagingTotal Timeline: 8 Weeks*This link comes directly from our calculators, based on information input by the member who posted.
Melanie Baldridge
A post on recapture.
21 January 2025 | 2 replies
This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.
Ryan S.
My first STR in Aspen, CO
24 January 2025 | 13 replies
Here is the link: https://www.realtor.com/rentals/details/124-E-Durant-Ave-Apt...
Giuseppe Di Pietro
Pergola Recommendations for backyard in Clearwater, FL
13 January 2025 | 5 replies
Thanks for the link, I'll check it out.
Keyshawn Johnson
Moving to Destin, FL Soon – Looking to House Hack My First Property with VA Loan
25 January 2025 | 5 replies
For VA loans, here are some solid options:Veterans United (veteransunited.com)Navy Federal Credit Union (navyfederal.org)Caliber Home Loans (caliberhomeloans.com)USAA (usaa.com)Not sure if I can post a link here in the forum.
Nicholas Woo
what are your thoughts using Anderson advisors?
21 January 2025 | 31 replies
https://www.therealestatecpa.c...sorry for links :-)Appreciate the response and links.Just curious - were you a former client of Anderson?
Joseph Hossenlopp
Minoan to furnish rental properties
17 January 2025 | 28 replies
Quote from @Joseph Hossenlopp: Quote from @Matt Mertz: In addition to cheaper prices through Minoan, they set up a site for your property with affiliate links in it.
Henry Jay
New to Investing in Real-estate
14 January 2025 | 3 replies
A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email [email protected], and someone will help you.
Mark S.
American Homeowner Preservation (AHP) Fund
19 January 2025 | 354 replies
@Jason Monaco I sent you a link to the recording.
Max Martynenko
Glad to Join the BiggerPockets Community!
18 January 2025 | 8 replies
You should look to link up with investors in those areas and get some feedback on the good, bad, and ugly.