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28 December 2024 | 8 replies
I wanted to bring in more houses, I wanted to take pictures with the guys and our remodeled houses like trophies and make media to bring in more sales, perhaps joint venture with other investors and grow a really strong powerhouse of a team and take on tough, challenging places and really beautify an old neighborhood.
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17 December 2024 | 6 replies
I had 3.5% rate, did a lot remodeling and heavy lifting, and decided to sell due to the 2/5 capital gains exclusion.
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30 December 2024 | 24 replies
I'm a contractor so i will tell ya their vendors do a half butt job at the repairs and "remodels" inbetween tenants.
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14 December 2024 | 15 replies
you just have to estimate them based on what the property needs.so if it needs a new furnace + a bathroom gut and remodel + new windows, you estimate that.
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10 December 2024 | 8 replies
300k purchase + 10-15k closing + 80k remodel + 5k for refinance costs. 80k remodel number I got from my father who is a general contractor in the area. 500k ARV x .80% refi (because it would be my primary residence) = 400k minus 15k closing, 80k remodel, 5k refi cost = 300k my original purchase price.
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10 December 2024 | 4 replies
We remodeled and remarketed it under our brand HomWork.com, as a coworking/coliving property for entrepreneurs and business professionals.
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21 December 2024 | 10 replies
We have 10 properties in total on our 'resume.' 5 SFRs that were bought, remodeled, and sold. 4 30+ unit buildings with heavy capex (north of 300K) and a completed ground up construction of the exact unit I am trying to get financing on now.
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16 December 2024 | 4 replies
Good thing is they don't have rules about the interior remodeling (except the regular county permitting process).
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11 December 2024 | 16 replies
In your case, since the property was under remodeling until the end of August, you would start depreciation when it was available for use as a rental, likely in September.
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11 December 2024 | 2 replies
Generally, the properties that benefit the most from a cost segregation study are properties that are remodeled, expanded, purchased or constructed after 1987, the year in which the Investment Tax Credit was enacted.