Investment Info:

Single-family residence fix & flip investment in Harker Heights.

Purchase price: $136,534

Cash invested: $140,213

Sale price: $335,000

This was a VA repo that we got from ano...

Chip

This can be a issue in come cases.If you can legally get to and from the property, you have a few options.1 Set up a hunting stand and lease it to hunters2 determine if the trees on the property have value i.e  pecan, walnut, oak or other hardwood trees.3.

Can you take full depreciation on rental property as well as deduct maintenance, repairs, upgrades if you are renting out two rooms and living in a third room oaks  primary residence?

For instance, can I put down mulch or wood chips on the creek bank.

They are prone to cracking, chipping or stains.

The fact that I'm doing this and not paying somebody else is largely a product of the fact that I want to eventually refinish the select-grade/clear oak floor and I cannot trust anyone to pull all those belt-shredding staples conscientiously for any amount of money.There's plenty of money down the line in fixing and bulletproofing the floor of the right rental, but I don't see people eagerly jumping at the bit to get at it.

We reside in Thousand Oaks which is in Ventura County (between Santa Barbara and L.A. counties).

I'm specifically looking at Spur Line Commons (Phase 2) by Reid's Heritage Homes or perhaps Web Oaks Urban TownsThanks!

Since you already own the dirt, you only have the construction costs to generate the additional income and my experience shows the return of principle back in 5-9 years with about 7 being average which equates to a double digit return on your investment and all along with additional future equity as gravy.As an example, I have a client who owns a rental unit in Sherman Oaks where I am building a 2+1 ADU for him for just under $150k which will rent for $2200+.