
6 October 2024 | 0 replies
Assets identified in this study include:Appliances: Dishwashers, laundry machines and refrigeratorsElectrical and communication systems: Specialized equipmentCabinetry, Countertops and shelvingInterior Finishes: Laminate flooring, carpet, and decorative elements.Security and communication systems: computer connections, alarm systems and telephone connections60.8% of the total depreciable basis was classified as 39-year class life.

7 October 2024 | 8 replies
Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report.

3 October 2024 | 17 replies
I am also looking for a HELOC to not have to pay out of pocket to finish this and just use the equity in the home.

6 October 2024 | 11 replies
I find market price with a combo of that website and looking at what other LL's are asking for on Facebook Marketplace.

9 October 2024 | 15 replies
There's no need to waste anyone's time to finish reading a script.

6 October 2024 | 7 replies
Section 8 rents for the entire country by locality are on the HUD website, HUDuser.org look for Fair Market Rent (FMR) there.

6 October 2024 | 8 replies
For anyone that hasn't used Doorvest, it's a simple website where you put a $1000 deposit and they send you curated list of houses they buy that need renovation, renovate, and then tell you a final purchase price along with guaranteeing things such as first year rent will be 100% covered by them even if they don't find tenants.

9 October 2024 | 16 replies
Turnover costs are functions of many things including length of tenancy, quality of tenant, occupancy level, existing finishes (carpet has shortest lifespan but is cheap), etc.I hope unit is ready to show by Nov 1.

4 October 2024 | 5 replies
Once finished it’ll be 100% equity.

7 October 2024 | 22 replies
@Ian Martin It's going to depend heavily on what the home can be licensed for, the finish of the home, and how many residents it can be licensed for.