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17 April 2024 | 39 replies
I should add that any PPE (property, plant equipment) i.e. real estate, computers, office furniture, vehicles, etc etc would be in addition to the 2-3x SDE if the whole business is sold.
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15 April 2024 | 5 replies
I was VERY watchful on deals to be had on everything without going bottom of the barrel to setup.I scoured Craigslist, Facebook Marketplace and OfferUp looking for USA made used furniture.
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15 April 2024 | 6 replies
(Groceries, furniture, pets, kids, etc etc.))If you plan to live there and you are quiet then maybe, if you want to live upstairs.
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12 April 2024 | 17 replies
My house is not pet-proofed, which to be truly one would have vinyl furniture, no carpeting, etc;3.
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11 April 2024 | 2 replies
Tasteful furniture package included.
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10 April 2024 | 21 replies
He is oriented toward Studios and 1 bedrooms in dense cities using IKEA furniture & lease agreements with landlords.
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10 April 2024 | 22 replies
Keep in mind you are responsible for the utilities, internet, upkeep of furniture, bed sheets, etc.
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9 April 2024 | 19 replies
...if the vacancies are frequent or extended, it can be a big expense, so I analyze this thoroughly.As for house-hacking specific costs, there are things like furniture/appliances/decor for the common areas of the house, costs of screening applicants (like background checks), cost to advertise, the time and effort required to manage a house hack, etc. ...although these expenses are worth consideration, they tend to be much smaller and almost inconsequential compared to the big capex expenses that can come with buying the wrong property (e.g.; you might spend a couple hundred bucks on tenant screening, but a new roof might cost $20k+).Back when I was house hacking regularly, one of the most significant "costs" was the cost of my time and effort to acquire tenants (which includes all the time and effort of posting ads, responding to inquiries, answering questions, doing viewings, screening applicants, managing tenants once they were in-place, etc.).
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8 April 2024 | 8 replies
I did read in the IRS tax code that expenses like furniture have to individually be less than $2,500 to be expensed instead of having to be capitalized.
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9 April 2024 | 12 replies
It is advisable to outline in the contract that the landlord holds no liability for internal issues, while the tenant assumes responsibility for fixtures and furniture.