
17 February 2019 | 8 replies
Here's what I'm coming up with so far for CapEx, irrespective of property type/class: Roof - 1,000 sq ft; replacement cost per sq. ft. $7 ($7,000 total); Useful life 20 years (240 months) = monthly roof CapEx accrual ($7000/240) = (a) $29.17 Water Heater - replacement cost of $1,000; Useful life 10 years (120 months) = monthly water heater CapEx accrual ($1000/120) = (b) $8.33Kitchen Appliances - replacement cost of $1,000; Useful life 10 years (120 months) = monthly kitchen appliances CapEx accrual ($1000/120) = (c) $8.33Driveway/Parking Lot - replacement cost $5,000; Useful life 50 years (600 months) = monthly driveway/parking lot CapEx ($5,000/600) = (d) $8.33HVAC - replacement cost $3,000; Useful life 10 years (120 months) = monthly HVAC CapEx ($3000/120) = (e) $25Flooring - replacement cost $2,000; Useful life 5 years (60 months) = monthly flooring CapEx ($2,000/60) = (f) $33.33Plumbing - replacement cost $3,000; useful life 30 years (360 months) = monthly plumbing CapEx ($3,000/360) = (g) $8.33Windows - replacement cost $5,000; useful life 30 years (360 months) = monthly windows CapEx ($5,000/360) = (h) $13.89Paint - replacement cost $2,500; useful life 5 years (60 months) = monthly paint CapEx ($2,500/60) = (i) $41.67Cabinets/Counters - replacement cost $3,000; useful life 20 years (240 months) = monthly cabinets/counters CapEx ($3,000/240) = (j) $12.50Structure (foundation/framing) - replacement cost $10,000; useful life 50 years (600 months) = monthly structure CapEx ($10,000/600) = (k) $16.67Components (garage door, etc) - replacement cost $1,000; useful life 10 years (120 months) = monthly component CapEx ($1,000/120) = (l) $8.33Landscaping - replacement cost $1,000useful life 10 years (120 months) = monthly landscaping CapEx ($1,000/120) = (m) $8.33Sum of (a) through (m) = apx $214/mo for my CapEx accrual - Does my approach make sense and does it seem reasonable?

1 November 2015 | 33 replies
I read and decided the 52k limit as an absolute limit per person, irrespective of # of companies or company ownership.

24 May 2023 | 33 replies
@Reese NewellI see investing in the right short-term rentals in Brazil irrespective of what the currency will do.

23 December 2016 | 18 replies
It will have to be depreciated/capitalized, irrespective of any safe harbour rules that might exist.

30 November 2017 | 31 replies
This is irrespective of his threat.

20 December 2017 | 4 replies
I wish to not deal with such tenant and, irrespective of this experience, not accept section 8 tenants in my building anymore.I am prepared to notify this tenant of not renewing their lease, and allow them a generous 120 day extension to find alternative housing.I know that this may be a little difficult to achieve in the NYC, but are the rules in regards to Section 8 and non-renewals different in Westchester County?

8 October 2019 | 1 reply
Here is specific language from the loan docs: "Short-Term Rentals (regardless of the duration of the term) shall not be permitted unless otherwise expressly approved by Lender in writing;"Here is their "definition" of short-term rentals directly from the loan docs: “Short-Term Rental” means any Lease or master Lease (including subleases, licenses, and other possessory interests, whether oral or written) of an individual dwelling unit, for which the intended occupancy of the dwelling unit is for a period or periods of less than thirty (30) days, irrespective of the stated term of the Lease, including any Lease:(a) for corporate tenant and guest suite purposes; or (b) with an agreement or arrangement between either: (i) Borrower and a tenant whereby the tenant may enter into a separate agreement or arrangement with a Short-Term Rental Provider to offer Short-Term Rentals at the Mortgaged Property; or(ii) Borrower and a Short-Term Rental Provider, pursuant to which tenants may offer Short-Term Rentals at the Mortgaged Property.

13 December 2019 | 40 replies
All of our properties are non-smoking irrespective of what is being smoked.

3 January 2016 | 13 replies
. :)Here's the short answer: Any person involved in the origination or making of a loan secured by a first position lien against a “dwelling” is engaged in the “business of residential mortgage loans” and is regulated under the Act, irrespective of whether the loan is a “hard money” loan, a commercial loan or a business loan (as opposed to a loan primarily for personal, family or household purposes).

11 February 2024 | 30 replies
That's just a benefactor, and irrespective of that you can't ever fully subscribe to that unless you're delusional.