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30 October 2024 | 18 replies
I don't want to work my entire life away.
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29 October 2024 | 11 replies
You'll have 100% equity and can live off the cash flow the rest of your life.
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27 October 2024 | 0 replies
We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!
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2 November 2024 | 64 replies
I recently had vinyl life proof planks installed on a rental but on some of the seams I started to see a gap.
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29 October 2024 | 10 replies
Maybe even be one of the reasons why a life was turned around.
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27 October 2024 | 7 replies
They should only call or knock on your door if there's a true emergency (life, flood, or blood type stuff).
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28 October 2024 | 6 replies
If I was master of the universe, I would require every opinion to be accompanied with examples of where the person actually executed that opinion in real life, with their own money.
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29 October 2024 | 11 replies
A cost segregation study looks at a property you own to breakdown the various assets you purchased.The goal is to increase the depreciation expense by finding assets that have an asset life less than 27.5(residential) or 39 years(non-residential).Whether you should get a cost segregation study done is whether you will benefit from the study.Will you be able to use the added depreciation now or in the near future?
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28 October 2024 | 7 replies
A property manager handles the day-to-day tasks, freeing up your time to focus on other areas of your life or business.