On average, you will spend 10% of your income on maintenance per year.

The main issue is that to do the ADU you have to spend so much bringing other items up to code like electrical, plumbing, lighting (windows) and egress.

The number one mistake that I saw buyers making was jumping right into negotiating (and not very good negotiating at that) without first spending the time to build rapport.

Over the last year, we noticed a few key trends worth highlighting:Market Recovery Signs:Loan volumes reached $539 billion in 2024, up 26% year-over-year.

If you're earning primarily W-2 wages, interest, or dividends, those attractive depreciation deductions from your cost segregation study will be suspended.Think about it this way: You might spend $10,000-$15,000 on a cost segregation study, expecting immediate tax savings, only to find those deductions suspended indefinitely.Does this mean cost segregation studies are worthless?

If you had also spend money on renovations and improvements while occupying those should have gone into service then as well. 

I am excited to get started investing in real estate in out of state Long Term Rentals.Outside of real estate, I enjoy spending time with my kids, as well as mountain biking and other outdoor adventure activities.Excited to learn and connect with you all!

You want to have your financial house in order so you know what you CAN afford and what you SHOULD spend.

I took the next 5 months to tackle everything myself spending approximately 17k in supplies and tools + paying a plumber and roofer 4k total to fix those issues.

You will spend lots of time checking the quality of their work, from TAXES, to the most mundane administrative work of Registered Agent services.