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24 September 2024 | 27 replies
The former developer already had them set, but never developed.Several utility items to do are Water and Sewer along the front road.
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22 September 2024 | 22 replies
Are there any large capex items you are expecting?
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19 September 2024 | 0 replies
Capturing a large swath of possible renters from military to commuters into DC.
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23 September 2024 | 13 replies
If builder pushes you saying "come on, don't hold up the closing for these minor items, let's close the house and take care of the them with warranties."
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23 September 2024 | 19 replies
It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.
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21 September 2024 | 3 replies
Make sure the deposits are transferred and not deducted from purchase price, otherwise you will need to come out of pocket when tenants move out.You should also make tenants and landlord sign an estoppel agreement, which outlines important items and agreed to, so the tenant cannot claim to have a huge deposit later or claim that the prior owner gave him ownership of the shed in the backyard.
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21 September 2024 | 19 replies
Serious injury or death has occurred from each of these items, and they could have been prevented by keeping watch and staying on top of things.
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23 September 2024 | 29 replies
Think of these as savings for big-ticket items like new flooring, new appliances, or a roof or siding replacement.Because maintenance and capex can be “lumpy,” you may think that you’re generating more cash flow than you really are.
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27 September 2024 | 66 replies
Equity capture at the buy makes the house "worth" doing but it would still be a small flipping profit.
22 September 2024 | 8 replies
It seems like there are a lot of nickle dime items that I'd go back to negotiate.