We remodeled it, and sold it for around $36,100 in profit.

Cost Segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions which can defer state and federal income taxes and increase cash flow.When a property is purchased, not only does it include a building structure, but it also includes all its interior and exterior components.

The building was built in 1965 and was remodeled in 2011.Seller is asking $300,0004 units - 900sq ft each - currently rented at $700 per unit - Tenants pay all utilities except water/sewer which averages $250/month.Insurance is $1,600/year and taxes are $2,600.It makes sense as far as I can tell.

Remodeled both baths with new fixtures, new vanities, new tile, and expanded shower.

Cash invested: $500,000 Sale price: $1,049,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breakeven while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Cash invested: $500,000 Sale price: $1,049,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breka even while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Purchase price: $315,000 Cash invested: $102,000 Contributors: Jess Haas Rental Type: SFH gut Remodel, with future development potentialCondition @ Purchase: Heavy FixerStrategy: Reno + Hold & develop 1-2 additional units in next few years

Purchase price: $700,000 Cash invested: $100,000 Sale price: $849,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breka even while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Recently, I’ve been interning as the COO for a Real Estate Investment company that handles flips, remodels, and out of state investments, with the goal of scaling the business for increased profitability.My military background has instilled in me core values like resilience, integrity, hard work, and effective leadership.

Minor repairs with a possible remodel in the future.