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

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.

When we sent someone out to fix up the home, the neighbor came over and wanted to buy the property as-is.

Cleaner is paid a fixed rate for a specific job, you are paid a % of revenue.

So I am hoping to pull the trigger on a fix and flip in the coming month or two so I can finally go from 0-1!

If I had a large amount of liquid capital, do you think I should use it to purchase fixed assets or for some project development, which would be more suitable?

JUST HERE TO GIVE A QUICK RECAP OF MY 2024 SO I CAN SOMEDAY LOOK BACK AND LAUGH HOW THIS YEAR WAS A NIGHTMARE AND PRODUCTIVE ALL IN ONE LOL FUNNY ENOUGH THE YEAR STARTED ON A GREAT NOTE I WAS ABLE TO GET INTO MY FIRST FIX & FLIP  DEAL  WITH MY WIFE!!

I’m not sure if that helps.Why not fire the PM and get a new competent PM to fix this mess?

Some of the additional benefits include:Reduction in current tax liabilityInsurance savingsImmediate increase in cash flowMinimization of recapture upon sale of the assetIdentifying disposition expensesIdentifying repair and maintenance expensesEnergy cost savingsConstruction tax planningPreservation tax credits (historical and new market)Fixed asset reviewDEIRA Reports (reduces insurance premiums, benchmarking reports, energy audits and reserve studies)What other questions do you have about cost segregation?

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