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7 January 2025 | 5 replies
This ensures you have a clear picture of what repairs are needed and helps avoid surprises during the rehab.
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5 January 2025 | 24 replies
He missed significant repairs that turned a $10,000 refresh into a $60,000, 8 month rehab.
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28 January 2025 | 71 replies
This is my first time reading of your experience with this property were you able to complete the 80K in repairs ?
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8 January 2025 | 9 replies
This will reduce your risk and cash invested and if something goes wrong you wont be bled dry with never ending repairs.
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2 January 2025 | 0 replies
Single family house, which required smaller down-payment and little cosmetic repairs.
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29 December 2024 | 14 replies
I'd call insurance before having any sort of plumber to come do any repairs.
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5 January 2025 | 18 replies
I find that cash flow is very important so that I don’t have to come “out of pocket” to pay for major improvements / repairs
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9 January 2025 | 11 replies
Expenses incurred before the property is in service are considered capital expenditures and must be added to the property’s basis rather than deducted immediately.This means costs like rehab expenses, repairs, and other improvements made before the property is ready to rent are added to the property’s purchase price and can be depreciated over time once the property is in service.
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29 December 2024 | 13 replies
Quote from @Dan Grove: Some combination of cash to seller, closing costs, repairs, construction, paying off arrears, assignment fees, commissions.
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9 January 2025 | 30 replies
Told me the violation wasn't corrected in the 30 days required timeframe (yes you are correct, the repairs were done in time but they didn't come out to confirm).