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3 December 2024 | 19 replies
A good example of this might show high return for a house in Detroit that is 100 years old, next to a GM plant, vs lower return for a 10 year old house next to the Tesla plant in Taylor, TX.
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9 December 2024 | 14 replies
If you want to go the extra mile, adding something like Netflix or Disney+ is a nice bonus, especially for families or higher-end guests, but it’s not a must.Cable TV?
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10 December 2024 | 25 replies
I won't go with the riskiest opportunistic strategies, and will stick to core and core plus mostly with some value-added.
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1 December 2024 | 5 replies
The power plant near there helps quite a bit.
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7 December 2024 | 2 replies
We added value by decreasing the offer after the inspection and then after closing we were slowly able to get rents to market rent.
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9 December 2024 | 8 replies
Commissions are generally considered part of the acquisition costs, which are added to the property’s basis (the starting point for calculating depreciation and capital gains).Since you’re planning to rent out the ADU, you could depreciate the ADU's share of the property over time, which may indirectly allow you to benefit from the commission expense.
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9 December 2024 | 15 replies
After you expressed dissatisfaction and not wanting to move forward to give your property a chance, we refunded your technology fee in full as a gesture of goodwill, even though significant time and resources had been invested into your property’s preparation.Our 30% management fee reflected the value-added turnkey services we provided you at the time.
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11 December 2024 | 13 replies
Personally looking back at it switching into LLC was a more of a headache for me and did not do much for adding a level of protection that insurance did already handle.
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7 December 2024 | 12 replies
Right now, in Madison the City seems very interested in adding apartments with infill apartment buildings going up all over, but if you are in Milwaukee am sure there is plenty there and adjoining communities to start with.
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9 December 2024 | 8 replies
If you wait three months, you can use the new appraised value for the cash out refinance which is helpful because if you're doing a BRRRR, you're presumably adding value and will get more cash back for your next project if you wait the three months seasoning period.