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8 June 2024 | 4 replies
@Choon Yee DeeRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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8 June 2024 | 1 reply
The cost of land generally includes the cost of clearing, grading, planting, and landscaping.Land preparation costs, such as landscaping are depreciable Certain improvements made directly to land or added to it (such as shrubbery, fences, roads, sidewalks, and bridges) are generally depreciated over 15 yearsKeep in mind that depreciable rental property costs with a useful life of 20 year or less may be eligible for bonus depreciation.I don’t think the sources that you found are accurate since some of the improvements you mentioned can be depreciated and over a shorter period of time.
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8 June 2024 | 7 replies
Is this an accurate synopsis to your comment?
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8 June 2024 | 4 replies
Check that the information is accurate, then try again.There are many websites where individuals can purchase fake credit reports, pay stubs, letters of hire, etc.
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7 June 2024 | 1 reply
The next steps will involve accurate construction cost estimates by a licensed contractor (or two) and connecting with a lender (possibly current local bank) for construction financing.
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8 June 2024 | 11 replies
Rents have softened in Sacramento over the last couple of years, so just be sure that you're looking at current & accurate estimates when projecting your income.
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6 June 2024 | 19 replies
Accurately pointed out :)
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7 June 2024 | 17 replies
I would start by getting a look at what you're working with - paying for an inspector to visit isn't a bad idea, but depending on how much hoarding was done, it may be wise to remove some of the junk items first so they can give you a more accurate report.
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6 June 2024 | 5 replies
Hi Sam, I would highly recommend reach out to your county or city government to get accurate STR regulations before you list it on Airbnb & VRBO.