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22 January 2025 | 9 replies
Roof repairs, broken this, broken that.
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27 January 2025 | 8 replies
Paying off the notes, working to pre-emptively make repairs to capex items before they fail or become a major issue think roof, HVAC, and foundation.
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21 January 2025 | 3 replies
., plumbing, window replacements, and sheetrock repairs), but it still needs work to get the vacant units ready to rent.It’s located in a neighborhood with a higher crime rate but also near major highways and areas with rental demand (e.g., downtown Fort Worth and Texas Christian University).My Goal:I’m focused on cash flow, and this property seems like it could work if I can stabilize it.
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23 January 2025 | 5 replies
For flips, calculate the after-repair value (ARV) and subtract purchase, rehab, holding, and selling costs.Pay attention to location, rental demand, and the property’s condition.
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21 January 2025 | 6 replies
Remember to save some money for capital repairs.
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14 January 2025 | 6 replies
2 are not cashflowing with the required expenses for vacancy at 10%, repairs at 10% and capital expenditures at 5%.
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7 February 2025 | 7 replies
The reason the answer is framed this way is because when you take a HELOC out to make repairs on your personal residence, you are allowed to tax the interest deduction on your Schedule A of your 1040 income tax return.
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13 January 2025 | 2 replies
The current owner bought it for $30K and I know they had to clean up a lot of title work and started doing repairs.
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16 January 2025 | 3 replies
Additionally house tenants bring more of their own appliance, like refrigerator, washer and dryer; which means tenants are responsible for repair and replacement of their own appliances.
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30 January 2025 | 8 replies
Based on an inspection report on one of the deals I worked on last year, I was able to negotiate over $15k of credits and repairs for a $200k house using a $400 inspection report for one of my clients.