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14 February 2025 | 9 replies
Quote from @Hanna Brown: @Jay Hinrichs If the bidder at the auction pays cash for keys to get the homeowner out, does the person redeeming from the owner position (exercising rights of redemption w/in 180 days) have to reimburse them for those costs they paid to get the homeowner out?
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11 February 2025 | 29 replies
You’ll put 5% down but get 2% back on sale (which might pay for your closing costs) and then do a rent by the room to cover your expenses and downpayment for next year) Not sure which university you are at but both Henrietta and South Wedge are solid places to start (serving RIT and UR respectively) Good luck, I personally think Rochester is a great area to start due to constrained supply with a growing population
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13 February 2025 | 35 replies
I prefer markets that experience mild winters to eliminate the added costs brutal winters can bring.
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12 January 2025 | 28 replies
Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.
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27 February 2025 | 14 replies
Not just the monthly cost of insurance, but some of the oddities I've seen this year.
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13 February 2025 | 3 replies
Keep in mind the costs for property management, maintenance, and vacancy rates to ensure you're budgeting appropriately.
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16 January 2025 | 2 replies
Materials have increased more than 20% in the last 5-8 years.
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4 February 2025 | 13 replies
I would also recommend increasing your liability coverage to at least $2M.
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5 February 2025 | 4 replies
Lets say its $270k and you are financing $220k and it takes a year at 12% thats $26k in interest plus other costs etc.
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6 February 2025 | 3 replies
More like a 101 of taxation: you had a reserve of losses -> it helps when you have profits.And a tax geek addendum:I also do not see a direct link to cost segregation benefits here.