Prepare for additional costs: If you’re adding units, you’ll likely need to address the water meter situation and possibly upgrade utilities.

Investment Info:Single-family residence fix & flip investment.

The rate cap in January is currently priced at $747,000.The Capital Call funds will be used in the following ways:1) $4mil is being used to pay down the loan.2) $175k fee to extend the loan for 1-year.3) $2.247mil to cover interest rate cap extensions for the remainder of the hold period, including $747k for the January 2025 6-month interest rate cap purchase.4) $1,000,000 in reserves to prepare for additional extension fees and cash reserves.

Every time we're preparing for a new administration, there's plenty of tax-related noise.

I am renting two units (1 basement and 1 side unit) in my primary residence.

Investment Info:Single-family residence fix & flip investment.

Hey Josue, fellow Californian here (and former Bay Area resident). 

As this approach uses very little documentation, it is the least reliable methodology in preparing a cost segregation study.To see all of the steps included within each method, refer to Chapter 3 of the IRS Cost Segregation Audit Techniques Guide.What methodology has your company utilized?

@Fed Finjap now you're better prepared if you continue to scale and eventually hire a PMC!

I recently acquired my first primary residence and am seeing ways I can best utilize the space for real estate investing.