Jeff S.
Suggestions to impact appraised value & tax benefit for 2024?
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!
Leland S.
Retrofit sound insulation between levels
31 October 2024 | 4 replies
After some research, I've come up with the following:- Blown-in insulation to fill the joists with hard-packed cellulose- Add asphalt panel board layer across the entire ceiling to the existing drywall and fill the cutouts. - Add a second layer of 5/8's drywall to the asphalt board.
Joseph Henry
To rent or to sell
31 October 2024 | 8 replies
What kind of electrical panel does it have?
Will Mejia
Solar panels for 3-unit rental property??
18 October 2024 | 7 replies
I'm hoping some of these EXPENSES will reduce my taxable income for 2024.I know there are rebates and TAX CREDITS for investing in Solar Panels.
Mike Eichler
Three Killer Poconos STR Renovation Examples
23 October 2024 | 10 replies
#2 - Larger 5-bedroom renovation into a sweet rental home Before Pictures (Zillow Link)After Pictures (Airbnb Link)These investors took something that was very boring and extremely residential-looking and transformed it into a cozy retreat for travelers with highlights being adding wood paneling, kitchen renovation, new furniture throughout, beautiful outdoor space with added hot tub and fire pit spaces for guests to hangout and an exciting game room space to occupy guests for hours.
Brett Jurgens
Make deals pencil by making SFRs sustainable – $200 in additional NOI / month
15 October 2024 | 8 replies
Fine, but not above most LP hurdles.Let’s add solar and other sustainability upgrades.
Matt Sharp
Pre-Fab/ Panelized Home Building
11 October 2024 | 8 replies
Hello Matt, are you only doing prefab wall panels, where they are assembled before delivery, or are you going to the next level with a full Prefab modular construction, where the units are completed at a factory and relatively minimal work is completed on site.One issue I have heard on the modular construction is the manufactures are sold out for this year.You might want to check out www.VuhausLLC.com/models they are doing high end modular construction.
DeAndre Mason
Cash out refi
15 October 2024 | 10 replies
So I’m in a bit of a bind, I have a duplex I’m house hacking we remodeled entire thing, new hvac, electric panels, electric main, updated plumbing, water heaters, furnace, install central air, roof.
Rene Hosman
Pre Event Intro - If you're coming to BPCON2024 let us know who you are!
12 October 2024 | 54 replies
The breakout panel on property management tips is also something I'll plan to attend I haven't brushed up as much as I'd like on technology/AI opportunities to optimize PM.
Stuart Udis
Are Wholesalers Really Your Golden Ticket To Succes??
17 October 2024 | 20 replies
There was a panel of wholesalers at a local networking event recently and they worshipped as if they were god like figures.