Sean Regan
Chimney Stack Demo - DIY or Outsource?
4 November 2024 | 9 replies
One is about 20 ft tall (11 ft above a 9 ft roof) and several feet from the main power line.
Gary Bonds
Remote Str Start Up
8 November 2024 | 12 replies
Although it is possible to do everything 100% remote, most people I know who are self managing do come on site for a few days or weeks to meet and sort of interview the team they are building.You will need trusted cleaners, handymen, and also good recs for trades i.e. roof, plumbing, HVAC, etc.If you need home setup in most markets there are designers who will handle the whole set up for you, and I would want to interview them as well.
Melanie Baldridge
It’s not what you make, it’s what you keep!
6 November 2024 | 0 replies
& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.
Will Gaston
Nearing 1,000 College Student Tenants: Here's what I've Learned
21 November 2024 | 305 replies
And we replace a lot of the major CapEx like roofs, hvac, exterior paint, etc that seem to cause more headaches.
Jesse Dominguez-Castelan
How much is too much?
4 November 2024 | 1 reply
So far, I've replaced the roof and siding, and painted the interior.
Account Closed
Wholesale Investment in a Single-Family Residence
3 November 2024 | 0 replies
(optional)Kitchen Remodel (2020): Updated countertops, cabinets, and installed new stainless steel appliances.Bathroom Renovation (2019): Added new tiles, modern fixtures, and a glass shower enclosure in the master bathroom.Finished Basement (2018): Added 600 sq. ft. of finished space, including a family room and home office.New Roof (2021): Replaced the entire roof with new shingles and added improved insulation.Landscaping (2022): Redesigned front and backyard with new plants, sod, and an outdoor seating area.Energy-Efficient Windows (2020): Installed energy-saving windows throughout the home.
Kent Ford
Why Do You Think Texas is a Hotspot for New Real Estate Businesses?
6 November 2024 | 34 replies
Also with stucco siding tile roofs No major weather issues desert landcaping etc etc.. maintenance is quite easy and very cheap compared to other areas of the country.
Brody Veilleux
Cash flow is tax free??
7 November 2024 | 8 replies
For example, you can have a large capex event like $20k roof replacement, but you can’t necessarily deduct it in a single year.
Peyman Ayoubi
What's the best decision in my situation?
3 November 2024 | 11 replies
The con is obviously the cost because in addition to waiting a long time for permit, it requires serious structural changes + roofing, etc.
Casey Coffey
Base hit to home run deal
3 November 2024 | 10 replies
Of course capex does come into play, but I have a lot of factors on my side including most major components of the property have been replaced already, including roof replaced 2 years ago, water heater replaced 3 years ago, full house was just repiped, septic system is 5 years old, HVAC system replaced in last 7 years, i do not cover appliances with warranty in my rentals, and the tenant I placed in the property is a single dude who works 60 hours a week and just needs a place to sleep.