Justin Case
Help Estimating Rehab Costs?
2 February 2022 | 8 replies
Drywall: $20,000 - If you need to drywall everything new, then yes, otherwise, could be less.Flooring: $18,500 - ~2200sf laminate flooring labor and materials = $11,000 (excludes demo of any existing flooring)Windows: $17,000 - If 24 windows, then expect to pay $14k-$15k plus demo of existing plus any framing needed (edit sizes or fix bad framing)Bathrooms: $16,000 - for 3 bath full gut remodel, this is too light.
Mike Lewis
I made $300k 2 months ago on a property, how to avoid taxes?
6 February 2022 | 4 replies
If you still have some gain on a 250K single situation you can explore Opportunity Zone options since that is the only possible way I know of that you might be able to retroactively exclude gain.
Trent Burns
Selling low priced properties on the MLS
2 February 2022 | 2 replies
Is it possible to exclude other buyer agents and be the only salesperson to show and sell the property?
Ray Renault
Trying to buy 1st property. Not sure of starting cost
11 May 2021 | 4 replies
And i would like to exclude repair costs.
Sara Walters
debt-to-income calculation when only one spouse is investing?
19 May 2021 | 16 replies
Our full PITI payment is about 24% of my gross monthly income (excluding my husband's income) so that doesn't leave too much of a margin for me to stay below the usual 28% front end DTI if I were the only one applying for a new second mortgage, but maybe it's still possible.
Ryan Newport
FHA now and Evict Later with Moratorium ending?!
13 May 2021 | 5 replies
For thepurposes of this subsection, ‘serious nonpayment of rent’ means a rentarrearage equal to or greater than six months’ worth of rent due on orafter March 1, 2020, which shall exclude all other costs,Look at the bold section.
Patrick Flanagan
Rental real estate tax benefits
31 May 2021 | 6 replies
Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion
Karla Simmons
Tenants lie about pets
14 May 2021 | 14 replies
Not just a "$50 increase in rent for every approved pet".Here's some examples of what I'm, talking about: (...and you want to make a point of focusing on this list at the time of signing)1 - List the pets and their increases in rent.2 - $250 cleaning fee every 4 months to be paid by the tenant.3 - No pets allowed after signing of lease4 - Any pets added without approval of Landlord shall increase the rent as follows: a - Monthly rent increase $150 for each month Pet until Pet is vacated b - $250 pet cleaning fee every 2 months until Pet is vacated5 - Emotional Support Animals NOT excluded from the above list.Legally, some of the list may not be enforceable, but the point is preventative...not trying to catch the tenant after the fact.
Chris Schorre
Tearing down house to build duplex. Can I do 1031 for Unit B?
15 June 2021 | 6 replies
seems like you'd sell b as homestead no capital gains tax and retain a as next homestead free to sell as homestead either immediately (not sure here as you may only be able to exclude gains once every 2-5 years, whichever is law) or in 2-5 years.
Kasey Destache
Number of Occupants per Unit Los Angeles
14 May 2021 | 10 replies
This would exclude families in your advertising so its best to not include that in your listing.