Nam Pham
Best BRRRR Cities in Texas - Canadian Investor
20 May 2024 | 5 replies
It also has an unusually high concentration of 2-4 family multi-family options to make your dollar go a little further, if a duplex or fourplex is your cup of tea.
David Quinn
Boston area Agents and designers - kitchen and bath design element advice please!
20 May 2024 | 2 replies
I'm planning to use Brizo luxe gold fixtures in bathrooms.
Pratik Kochar
Input on Investment opportunity
20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
Phil C.
Section 8 tenant refuses to sign rent increase form
21 May 2024 | 12 replies
We think she had a change of heart after we had the entire front of the house repainted and then upgraded some of the fixtures in the bathroom.
Isan Sahoo
What's the STR forecast for 2023?
24 May 2024 | 100 replies
if we stop reading the news, social media, do not have cable/tv, drink milk tea, watch fifa world cup, the world is just okay
Shane Bunda
Permits and Fees for ADU garage conversion in LA, CA
18 May 2024 | 3 replies
One of my protégés did all finish work (flooring, painting, light fixtures, plumbing fixtures, outlets/switches, sink drains, dishwasher, shower, bath vanity, kitchen cabinets and counters (installed but he did cut), etc.
Don Konipol
Why I Believe Striving to Build Passive Income is Overrated
21 May 2024 | 34 replies
So she stepped into a fully functional office/ patient base and my purchase included all the equipment fixtures everything which of course gave me substantial accelerated tax bene's.. its a NN lease so I only am responsible for the roof and exterior ( roof was 5 years old and with no hail in this area it will last long time).
Jack Anderson
Questions on depreciation and showing material participation
16 May 2024 | 4 replies
Certainly appliances and fixtures and as far as I understand, other improvements. 7) Regarding a cost segregation study, given my property purchase of 2021 and in-service date of 2022, am I correct in thinking I could still have a study done and use 100% bonus depreciation for 2022?
Scott R.
Cost to build a duplex or 4plex in Bradenton, FL
16 May 2024 | 5 replies
For example, MEP plans are not required for permitting, but if you are designing a complicated house, having a MEP plan certainly helps to guide the trades to know exactly how and where to install the fixtures, versus something they have to figure it out impromptu in the field.