Alan Mills
Sewer clean outs required?
4 January 2025 | 9 replies
Quote from @Alan Mills: Got an inspection objection back with something I’ve not seen on my other rehab’s (this is a Colorado property):“The seller agrees to have a licensed plumber install external sewer cleanouts per city code and scope the sewer line ensuring its integrity.”This was a full interior/gut rehab and almost everything is brand new.
Dominic Diguglielmo
Very short sale.
16 January 2025 | 1 reply
I installed some updates like new flooring and Kitchen appliances.
Lauren Ruppert
Can an LLC (sole proprietor) sell a property to an LLC belonging to a son/daughter?
22 January 2025 | 5 replies
Consider an installment sale if financing is an issue.This post does not create a CPA-Client relationship.
Ben Hedvat
Single-family residence fix & flip Hamptons NY
16 January 2025 | 0 replies
I updated the kitchen with high-end appliances, installed custom cabinetry, and added modern finishes throughout.
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Wiring for special purpose equipment would be like having to install 250V wiring to run a commercial walk-in freezer.
Spencer Dixon
BF LIVE then LEAVE
16 January 2025 | 0 replies
It all started with removing some interior walls and changing the floor plan, removing a chimney, adding a bedroom and bathroom, installing patio door to the backyard, and completely renovating every other interior element What was the outcome?
Max Smetiouk
Heating Option: gas vs electric
22 January 2025 | 5 replies
Building a cabin in a tourist destination that does not have easy access to gas or electric.So I will need to run electric line anyway and considering installing underground propane tank, is it worth it?
Michael Braun
Billing tenant for damages prior to move-out
23 January 2025 | 3 replies
Along with a kiddy-pool sized litterbox in one corner of a room, cat urine and feces in the OTHER corner of the room on the carpet (newly installed by the seller when I bought), and a smell that made my eyes water walking in the front door.The lease has a clause for Tenant-Caused Damages resulting from tenant negligence.
Jennifer Turner
How to modify terms of a seller-financed mortgage?
13 January 2025 | 8 replies
We have an upcoming meeting with them to see how we can extend the loan a few more years to make the total monthly payment including installments for the annual property tax bill, which we’ve had to pay for them this year since they were late the last couple years and had to pay interest to the county.
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
Licensed with permits ~$3,250.HWT standard gas single family low efficiency without exhaust retrofit $900.Sand and stain hardwood floors, natural stain $3 per sf.Paint interior walls, ceiling trim and doors 3 tone paint scheme 2 coats $3.20 per sf (floor area cost includes paint)Click lock LVT flooring install overlay inclusive of prep and quarter round $4.50 per sf (materials and labor)Asphalt roof installation 3/1 - 800 sf bungalow with 2 layers of shingles - ~$7,900Standard porch cap replacement with 2 new precast concrete steps ~$2,500Used stove or refrigerator delivery and install $350New stove or refrigerator delivery and install $HD model specificUse this as a general guideline.