Scott Zeiger
Appliances
17 December 2024 | 29 replies
I've since had to do a service call for the fridge and had to replace the oven recently as the repair was going to be about as much as a newish used one that was in great shape.
Jeff Saunders
Keene, NH - duplex #3
10 December 2024 | 0 replies
Was able to negotiate some seller concessions based on a comprehensive property inspection and several needed repairs.
Xavien Rafael
Why Structuring Your Bank Accounts Is Key to Real Estate Success
13 December 2024 | 5 replies
Certain expenses are all lumped together for the sake of the P&L like insurance and taxes and others like repairs and maintenance can be viewed collectively or by individual property.
Yents Ybrimovic
203K loan new investor question
17 December 2024 | 16 replies
@Yents Ybrimovic If the 203k loan only requires 3.5% down and you can finance all the repairs in the loan - then what exactly is your friend contributing?
Rick Im
Do these expenses qualify for start-up expenses?
6 December 2024 | 10 replies
Any expenses you put in to renovation or repairs are not deductible, but must be capitalized after the property is in service.
Tim Holt
House Hacking in Rhode Island
10 December 2024 | 6 replies
Painting walls, updating fixtures, or handling minor repairs yourself can save thousands upfront.Consider Your Exit Strategy: You’ve got the right idea;house hack for 1-2 years, then convert the property into a long-term rental.
Mike Sfera
Expense Estimate Resources
8 December 2024 | 1 reply
Things like landscaping/snow removal and labor cost for repairs are going to be highly variable based on your market so you'd need to do your own research on the going rate by either talking to other local investors, running your own google search, or exploring basic services on thumbtack/angies list etc.
Otis Clayton
What is the best way to partner with someione to buy real estate?
24 December 2024 | 24 replies
The partner will help with holdingf costs, closing costs, repairs and get half of the equity.
Carter Mayberry
Refinancing my current FHA to Commercial Financing
13 December 2024 | 15 replies
Without substantial renovation or repair / forced equity, I doubt that since almost 12 months ago you have enough to do a DSCR cash out refi.
Anita Z.
How do you screen an STR tenant ?
25 December 2024 | 22 replies
Once, a tenant left a massive stain on the rug beyond repair.