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1 January 2025 | 3 replies
I wouldn't build the ADU just yet because like it was mentioned it cost more than you can really make a good return on.
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1 January 2025 | 3 replies
It sounds like you might be doing a little eraser math (making a deal work from not estimating enough for costs) so beware of that.
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3 January 2025 | 5 replies
@Steven HsuBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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2 January 2025 | 0 replies
Going this route is more involved and that makes it more costly too.
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9 January 2025 | 17 replies
Cancellations are the cost of doing business.
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2 January 2025 | 10 replies
No one understands (except the PM) why it cost $100 to send the maintenance guy to change $3 worth of batteries.
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31 December 2024 | 3 replies
15 year fixed mortgages are very underrated a 200bps spread is enticing as well as lower transaction costs.
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3 January 2025 | 4 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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6 January 2025 | 6 replies
We agreed but only after they covered cleaning costs and left the property in move-in-ready condition.
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30 December 2024 | 5 replies
Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment: - Took 4 months longer than expected - Cost $10K more to build than we anticipated - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!!