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22 October 2024 | 1 reply
However, I blocked the dates until September 20th to complete some necessary repairs.
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27 October 2024 | 6 replies
Contact your county tax assessor's office to learn how to find this information (it's usually online and easy).Talk to the neighbors.There are paid apps that may include contact information for specific properties.
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28 October 2024 | 10 replies
Also if you're using conventional financing, you will need to wait at least 6 months from your purchase date to use a new appraised value for a new loan.
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25 October 2024 | 4 replies
submitted a loan app to easy street not too long ago still haven't heard back
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25 October 2024 | 9 replies
Most people who get these apps though are hoping it will do all the work for them.
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28 October 2024 | 24 replies
My next goal would be to rent it for that and not take any cash flow from the property yet just keep it in the reserves then try to refinance at a later date or see if the home appreciates enough
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1 November 2024 | 48 replies
You’d place in service with the total cost basis on the date on conversion to a STR.
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27 October 2024 | 0 replies
We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!
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24 October 2024 | 2 replies
There are some great mileage tracking apps out there that make it easy.
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27 October 2024 | 16 replies
Also, the nextdoor app is great for finding local resources.