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4 January 2025 | 0 replies
Compliance items such as adding smoke detectors, hand rails, fire resistant garage entry-door and new stairs outside.
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8 January 2025 | 4 replies
Last but not least....A few members in replies have already mentioned why it makes sense to hold…….I very much appreciate ALL FEEDBACK, however I think it will be helpful to provide some added context as to why I am absolutely certain (and my CPA’s are convinced as well) on my decision to liquidate the entire portfolio and onceAs I educate clients on daily, income tax brackets as well as long term capital gain tax brackets in our country are more favorable right now than they've been at any point in the past 80 years.
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6 January 2025 | 8 replies
And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.
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3 January 2025 | 7 replies
would love to see if we can work together, I use a couple of PML but always open to adding more to the roster
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4 January 2025 | 0 replies
I'm not sure that I really added alot of value.
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31 December 2024 | 2 replies
have you considered facebook ads?
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1 January 2025 | 4 replies
Aside from what everyone else wrote, note that adding units require various steps that you may not have considered (e.g., adding a new street address with USPS, etc.).
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3 January 2025 | 3 replies
If I find the buyer I would charge and extra 1.5%.
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24 December 2024 | 4 replies
For example, this can be adding square footage, adding an extra unit, or adding a pool in a STR market/luxury market.
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5 January 2025 | 8 replies
We have been able to get some great deals simply by doing extra research that the average person wasn't willing to do.