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6 November 2024 | 3 replies
I received incredible advice on my last post and completed a series of case studies in the SF Bay Area.I wanted to dive deeper into the community's recent experiences about renovation items with stronger ROIs and appeal to end buyers.
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5 November 2024 | 28 replies
If they settled for such a large amount, the landlord must have carried some responsibility, and the insurance lawyers didn't feel they could win the case.
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6 November 2024 | 1 reply
**Proactive Steps**: - **Prepare for Inspection**: Ensure the property is in excellent condition, with all necessary safety items in place (e.g., smoke detectors, proper handrails).
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5 November 2024 | 5 replies
I have worked with many lenders that will give you the run around, ask for more items, with no clear cut guidelines.
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5 November 2024 | 0 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.
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14 November 2024 | 40 replies
I need you to find me an owner carry deal that cash flows a minimum of $500 per month with zero down, zero interest on the note, needs to have at least 20% equity from day one.
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4 November 2024 | 2 replies
I'm sure I'm missing items, but in a word, yes, this would be useful.
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5 November 2024 | 11 replies
You'll need to provide the essentials without going overboard on luxury items.
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4 November 2024 | 24 replies
We have more maintenance requests but usually for smaller items.
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4 November 2024 | 3 replies
You may also want to look at a cash out refinance to eliminate one or more Heloc or a few credit cards to lower your DTI and outgoing monthly debts.A heloc is a risk since its an open end mortgage like a credit card which carries a higher risk versus a 30 year mortgage.