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1 October 2015 | 19 replies
Don't leave income on the table just because you will be taxed on it.3) Most real estate expenses are deductible in the year you pay them, especially if the benefit is immediate (like a utility payment or property tax).4) Some expenses are prorated through the life of the improvement, such as depreciable buildings and roof repairs.
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25 September 2015 | 3 replies
Closing costs and holding costs will devour the rehabber's gross profit.And a rehabber is going to demand title insurance before sinking $50k in improvements into this thing.I recommend you move on to the next one!
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25 September 2015 | 3 replies
In low/no appreciation markets, you want higher cash on cash returns that will offset the lack of appreciation and so you can at least exit the market in 7-10 years if you need to without losing money or you will have been able to save some of the cash flow to make capital improvements and continue to hold the property.Also, you want to buy at a discount so that much of the equity margin you need to avoid selling costs eating up all your aggregate cash flows is captured at purchase (and perhaps some significant gain above that).
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26 September 2015 | 3 replies
Adding another bathroom will improve the property value.
24 October 2015 | 10 replies
That is much more likely to be considered a capital improvement, at least in part.
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28 September 2015 | 9 replies
The property card will tell you land value, improvement value, how many years back taxes, etc.
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2 October 2015 | 5 replies
My question is other than Home Improvements Shows, which other ways of marketing are everyone else using that generate good leads?
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28 September 2015 | 2 replies
Often next (or simultaneously) usually, but not always, some property improvements are in order.