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22 July 2024 | 3 replies
I don't have a preference for age in terms working with other folks but young can be good from an energy, optimism and having enough time to put in the extra hours when needed (usually a younger person is not going to have a spouse, 2-3 kids and a bunch of other responsibilities).
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23 July 2024 | 13 replies
In December, my wife and I bought an old 1984 3/2 split level home with a walkout basement in a great area of Raleigh NC and spent the next 5 months renovating it, spending a little over $40k and pouring every ounce of energy and time we had into it.
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22 July 2024 | 4 replies
As long as everything works (lights, plumbing, etc.) and there are no hazards (like an open ground) the big things are peeling paint (particularly on window sills) and smoke detectors.
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21 July 2024 | 18 replies
So even if you can make a little more, it will cost you more in time and energy.
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21 July 2024 | 0 replies
I'm working towards Energy Star in my new 4 unit build because it's fairly easy to get slightly above code and cheap to have the raters come and certify you with the Energy Star label which would add value for the tenants especially for people with alergies or aesthma.
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21 July 2024 | 10 replies
Similar green energy investments could be considered if you can make the numbers work (credits on some types of low income housing can be north of 50%).Depending on how long these properties have been held, they could consider implementing cost segregation studies via a change in accounting method to accelerate some depreciation.The operating proceeds could be re-deployed into new properties where cost segregation is an option to accelerate depreciation to offset proceeds.If the properties are low basis and we are not maximizing the 199A deduction, maybe considering an S-Corp structure for management to be able to participate in retirement plans and also generate wages to use as a 199A base.
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23 July 2024 | 12 replies
When they don't take advice and call it criticism or call us mean, what they are really doing is putting a light up into the sky for all of the gurus to come collect them and their money.
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23 July 2024 | 16 replies
It does amazing job, it's a matter of turning all lights and placing the camera in different places around the room.
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21 July 2024 | 1 reply
Has rent control worked anywhere on the planet or fails every time in the short & long-term.Why not have price control on college tuition, food, interest rates, new vehicle prices and energy ?
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22 July 2024 | 8 replies
You could even say- I know it's early but we are lightly thinking about next year and decided if we have to renovate (or whatever).