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19 December 2024 | 7 replies
The math says to perform $500 sewer clearing each year instead of $5000 excavation, but the $5k bought peace of mind.
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19 December 2024 | 5 replies
All my peers and clients who previously bought tax sale properties moved away from the strategy a number of years ago so I don't have any recent experiences to go off of, but wouldn't be surprised if the lead time is longer this time of year due to the holidays.
18 December 2024 | 2 replies
This is the first home I've ever (possibly) bought and my first investment property.Any advice on how I should approach with my counteroffer?
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17 December 2024 | 4 replies
Hi real estate friends,My wife and I recently bought our first home in Co springs area close to garden of the gods and other attractions in the area. to no surprise our interest rate is a whooping 7.1%, the main house has 4 - BD 2 B. our mortgage is $4009. the property we bought has an attached dwelling unit on the side of it, completely independent from the main unit we live in, we are currently renting it out for 2 years for a tenant for $1545, It has one bedroom one bath.My question is what are some ways to scale especially since in the current market (is kind of almost impossible)?
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18 December 2024 | 11 replies
In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.
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21 December 2024 | 14 replies
I just bought my first rental property (SFR) and it has a fireplace.
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18 December 2024 | 12 replies
Quote from @April Smalls: I bought my property last year September.
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19 December 2024 | 22 replies
A flyer put up at your local gym, store, work also goes a long way.
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18 December 2024 | 2 replies
Looking for advice from experienced investors: I bought a condo in 2019 and began renting it short-term in 2021.
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11 December 2024 | 2 replies
Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.