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9 February 2025 | 8 replies
I'll be happy to refer your partner whenever there's a client ready to start a project.
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11 February 2025 | 1 reply
Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elements and roofingBasic HVAC componentsWater heatersFire protectionThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
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5 February 2025 | 5 replies
@Jordan Miller most Class A & B rental properties bought since 2021 really don't cashflow from day one.Class B will take 1-3 years to start showing cashflow.Class A, 3-5 years.Current investors keep making the mistake of looking back at deals from 5-10 years ago when prices & interest rates were both a lot lower, but NOT rental rates.
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7 February 2025 | 1 reply
My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates).
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20 February 2025 | 10 replies
And Point of Sale, don't even get me started on that Communist BS.
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24 February 2025 | 37 replies
You start with a base line and introduce variables to determine their effect.You can see what trends have happened if you choose to, that may be of interest to you, but that isn't what currently interests me.
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12 February 2025 | 17 replies
Quote from @Diana Mulvihill: Hi all,Looking for some advice, please.I started my STR about six months ago, and it’s been going great.
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3 February 2025 | 15 replies
@Derick Jennings Without knowing more about your situation, I'd likely recommend a house hack, a strategy I wish I would have known about when I got started.
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20 February 2025 | 8 replies
The BiggerPockets forum is a great place to start.
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12 February 2025 | 17 replies
Finally, if you cannot find sold properties to compare within the timeframe or distance you can go out a bit to find properties to compare.This will get you started with finding values for residential 1-4.