Jonathan Greene
The Top 5 Ways I See New Investors Lose Money On Their First Flip or BRRRR
19 November 2024 | 24 replies
For smaller jobs, half makes sense.
Austin Ehret
New Investor in Mid Coast Maine
20 November 2024 | 3 replies
That property has tenants which would cover the monthly payments at its current rent which is well below market value but the property would need love to justify an increase in rent.Very grateful to have made this much progress in the span of less than a year and a half and currently just trying to make sure I have all of my ducks in a row to ensure I can build these three properties into a stable few investments.Looking forward to the future,Austin
Evan Smith
New Build Expense Calculations
20 November 2024 | 1 reply
When analyzing a new build/“build to rent” property as a rental, what percentages/amounts are others using for:-Maintenance/Repairs-Vacancy-CapexI’d assume it’s less than than existing homes, but by half or is it safer to use the standard percentages?
Kim A.
Finding Flip Deals
20 November 2024 | 25 replies
It works great for wholesalers who sell the deals to a flipper, so a flipper can reap the rewards by going the extra mile and conducting their own marketing
Bree Jimenez
Hi, it's me again just need some advice,
19 November 2024 | 11 replies
Adding half a bathroom per comps added $50k valuation.
Kyle Lewis
High Appraisal for land I purchased
20 November 2024 | 2 replies
I wish we could tap into equity as easy as that. let me know if I can help in any way but probably not to answer your question. if you can split the lot and sell half that might be an idea to recapitalize. that's the the only way
Julio Gonzalez
Real Estate Professional Status
19 November 2024 | 0 replies
Note that if you are married filing joint, only the spouse who is qualifying for REPS is able to count their hours.Step 4: Apply the quantitative testsPer Section 469(c)(7)(B), in order to qualify for REPS, you must meet both of the tests below:750-Hour Test: If you materially participate in a real property trade or business, you must spend 750+ hours during the tax year.More Than Half Test: You must spend more than half of your personal service hours in the real property trade or business in which you materially participate.Step 5: Material participation in rental activities Just because you qualify for real estate professional status does not mean that your rental activities are automatically considered non-passive.
Marc Shin
Best way to save receipts for REI?
20 November 2024 | 9 replies
TIAI personally don't like the receipt scanning apps because I think they are overkill and they only account for half the record keeping you need to do.
Jorge Vazquez
I am wondering about a "sewer scope." Thoughts?
25 November 2024 | 18 replies
Lost rent from vacancy could easily be several thousand...so, by time you add it all up, it's easily possible for a sewer line replacement to end up costing $40k+ if it involves those types of ancillary expenses.To me, spending a few hundred bucks on a scope to prevent a $40k+ capex on a property worth over half a million is one of the easiest choices I make in the world of REI!
Anna Thanopoulou
First year depreciation in STR
19 November 2024 | 7 replies
Half-year convention: If no mid-quarter rule applies, you might claim half a year of depreciation for certain assets.2.