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4 February 2025 | 2 replies
Each one with separate addresses and utilities.We originally put $585k of our own money into the project, and by the time we were ready to go to market in 2023 we were into it for about $2M (the pandemic really threw a wrench in our timeline and costs but also greatly increased the value).
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6 February 2025 | 6 replies
When I inquired about it, plumber said lining, it is usually not prefect since this is PVC breakage not just pipe cracks and the cost saving is not significant enough and maybe headache down the road.I will try to get more quotes and maybe a company that specializes in pipe lining options.I was told foundation work / under slab pipe repair is common in the Dallas TX area due to soil type.
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24 January 2025 | 3 replies
You magically get the seller to cover every single closing cost (A $12k gift, or a trick to get you to buy their problem.).
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21 January 2025 | 10 replies
Costs before that (during remodeling) are added to the basis.2.
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8 February 2025 | 1 reply
@Micki Ray HarperBigger Pockets is a great place to find an accountant specializing in real estate taxation.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 specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
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5 February 2025 | 14 replies
I'm with you that sidewalk slip and fall litigation may be less likely in the Midwest than say Mid Atlantic which tends to have more litigious cities but dismissing premises liability issues can come back to bite an investor and when these properties have such razor thin margins that an investor must consider the cost benefit analysis of safety against ROI, there is a real estate issue and is usually a losing proposition.
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31 January 2025 | 121 replies
We currently work with many clients who do Cost Segs and using that STR loophole!
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1 February 2025 | 30 replies
One of the things I'm trying to figure out is if I'm better off getting a few lower cost properties or on higher priced property.
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29 January 2025 | 12 replies
We needed to build more there but the cost to build has doubled and the return is t sufficient.
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26 January 2025 | 30 replies
It costs me $1,500 to evict a tenant with it usually taking two-three months.