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28 October 2024 | 15 replies
I'm certain they buy a template online or pay an overseas drafts person $2000, then charge $90K for minimal work.
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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!
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1 November 2024 | 48 replies
You’d place in service with the total cost basis on the date on conversion to a STR.
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29 October 2024 | 131 replies
For $20k you are paying to get access to her online library so you are basically teaching yourself.
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28 October 2024 | 8 replies
From online research, I was able to find out that other cities in Ohio tax all your income (w2 & rental income) if you own a property there & some give you a small credit for taxes paid to other cities.My question is, if I buy a property in Cleveland (or a CLE suburb), would my w2 income be taxable in Cleveland (or a CLE suburb)?
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2 November 2024 | 64 replies
I've come across several products online that are basically a block with double-stick tape, but I like the tread idea on the block you have.
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24 October 2024 | 6 replies
@Rene Hosman I don’t go to zoning meetings but I try to be as update to date as possible in places that I invest.
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27 October 2024 | 13 replies
Are you up to date on all of your licensing and permitting to legally rent this duplex?
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28 October 2024 | 46 replies
And once we get through this batch of cabins that came online, I think occupancy rates will return back to pre-covid levels - which were among one of the better rates in any other STR area I had seen.Its funny.
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28 October 2024 | 9 replies
Networking through meetups and online communities can also help.Good luck!