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2 June 2024 | 112 replies
I am happy to help Yes I have 200,004 dollars to invest, thanks.Cool, feel free to reach out, Happy to help, I have everything " under one roof" .
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30 May 2024 | 0 replies
Building is in great shape - metal siding, metal roof, new HVAC unit in 2018.
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29 May 2024 | 8 replies
They're only required to repay you for health, safety, preservation of the property....fixing broken windows, roof leaks, locks, etc.#3.
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30 May 2024 | 1 reply
I was worried about the slab foundation and flat roof.
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29 May 2024 | 64 replies
The landlord hired a contractor to fix the roof of my apartment house.
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30 May 2024 | 9 replies
These expenditures are capitalized, meaning they are added to the property's basis and depreciated over time.Examples of Capital ExpendituresBuilding Additions: Adding a new room, deck, or other structural improvements.Major Renovations: Remodeling a kitchen or bathroom, replacing the roof, or significant electrical and plumbing upgrades.Appliance Replacement: Installing new HVAC systems, water heaters, or other major appliances.Structural Repairs: Replacing the foundation or significant repairs to the building’s structure.Labor CostsLabor Costs: The costs paid to contractors, electricians, plumbers, carpenters, and other professionals involved in the renovation are part of capital expenditures.Example of Capital Expenditures with LaborSuppose you renovate a rental property, including a new kitchen and bathroom.Materials: $15,000Labor Costs: $10,000Total Capital Expenditure: $25,000This $25,000 would be capitalized and added to the property's basis.
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30 May 2024 | 43 replies
Working his but off for over 30 years, doing most of the work himself, he had to refi properties along the way to have money for roofs, plumbing, basement issues and driveways.
28 May 2024 | 6 replies
A few weeks ago, her washer and dryer hose burst causing a massive water leak.
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29 May 2024 | 8 replies
Have the materials failed (leaks)?