Deborah Wodell
Fix & Flip or Fix & Hold?
21 November 2024 | 4 replies
Every 15 yrs HVAC, every 20 roof/kitchen/bath, every 5 flooring...
Constance Kang
My Experience of Rich Dad/Elite Legacy Event Scam
14 December 2024 | 101 replies
One of them came down this street and tore off the roof of my neighbor's house right across the street Not sure about the apartments mentioned though...
Keegan Darby
Keep or sell?
20 November 2024 | 5 replies
With $170k to deploy you most likely will have that all in one, maybe two deals, if it doesn’t go well you could end up way worse off.That said, if there are other factors like the property is a huge pain to manage or you are worried the neighborhood may actually get worse or you know you need a new roof in a couple years, then I’d consider selling.Also, even though you said it’s not a high appreciating area, do you think 1-2% is fair?
Charlie Krzysiak
Advice For After College (CONDO v.s. HOUSE)
27 November 2024 | 13 replies
What is a storm rips through and trashes the roof, BUT the condo project does not have enough insurance coverage to fix it, the value of the all the units in the project just went down. or, even if they are able to fix it but the coverage premium doubles so the HOA has to double the monthly HOA dues but half the complex can not afford it?
Ori Skloot
Remodeling Cost for Small Apartment With Pics (Example)
15 November 2024 | 10 replies
My personal residence has a single basin sink and we use a drying rack similar to the one pictured below and never really even considered it a problem
Julio Gonzalez
Cost Segregation Study on Auto Repair Shop
19 November 2024 | 2 replies
Assets identified in this study include:Building Systems: plumbing, HVAC and electrical distributionInterior Construction: flooring, drywall partitions and ceilingsStructural Components: doors, roofing, windows and wallsPermanent Fixtures: emergency lighting, restroom fixtures and signageThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
Robert Frazier
Looking to learn. How have you scaled flipping with financing and systems?
19 November 2024 | 4 replies
They do everything from framing, trim, painting, roofing, siding, flooring, cabinets, etc. and they can tell you when the plumber or electrician didn't show or did something wrong.
Mary Jay
Insurance question about loss
15 November 2024 | 7 replies
Quote from @Mary Jay: Quote from @Owen Rosen: Quote from @Mary Jay: Hi guys, so I had a neighbors tree fall on the roof of my rental.
Jeff S.
Reserve Studies going bonkers
18 November 2024 | 2 replies
At one time they were trying to figure out how to finance a $10,000,000 roofing and siding project but got bogged down with attorneys and all the mess that goes along with a project that size.
Scott McGadden
Looking for next moves for long term SF rentals in the Austin and San Antonio areas
18 November 2024 | 14 replies
We've owned them for 20-plus years but the recent property tax increases have negatively impacted our cash flow as have major repairs such as roof replacements, AC units, etc.