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24 January 2025 | 1 reply
A lot of what you'll see here is older homes in desirable areas and that scarcity keeps price growth high while keeping sales growth low.
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4 February 2025 | 9 replies
The biggest problem I see with seller financing is the cost of repairs (as well as holding, selling, etc.)
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6 January 2025 | 5 replies
Issues 1) even garage conversion ADUs in single family zoned areas typically cost more to build than the value that they add.
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27 January 2025 | 35 replies
They are even working on getting me the evicted tenant's security deposit, the missing JANUARY rent since the place is still empty, and covering the cost of my own manager re-listing the property.
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11 February 2025 | 10 replies
A lot of it is the standard Buildium application, most of the extras I put in there after reading Landlording on Autopilot by Mike Butler.Application fee needs to cover all your screening costs.
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10 February 2025 | 1 reply
Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit
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30 December 2024 | 15 replies
These low quality tenants are more difficult to get rid of.
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10 February 2025 | 12 replies
Be conservative on your rehab budget, rehab timeline, holding costs, etc.
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8 February 2025 | 10 replies
Then if I have additional concerns I call in an expert to get further information and an estimate on what the repair will cost.
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6 February 2025 | 4 replies
The tenants were more interested in that than turning on the already-installed alarm system because there was no monthly cost.