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16 November 2024 | 12 replies
Consistent with the advice of @Jo Bradley , if I could get through the first couple years financially, keeping current home seems a lot easier than long distance investing...and at least I know what is wrong with my current home (I.e it will eventually need new roof etc).
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16 November 2024 | 3 replies
Roof Maintenance/Repair: Done as needed, paid by the owner.
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14 November 2024 | 11 replies
and of course a lot of DSCR loans are quote with a 5 year pre-payment penalty which of course can be VERY expensive if you have a 5 year flat 5% PPP and either rates drop or market conditions are such that you would like to sell the property. 5% of 300k for example would be 15k.
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14 November 2024 | 8 replies
I'm in Chicago and was just curious where your 4-flat is located here?
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19 November 2024 | 14 replies
But larger repair items such as appliances and mechanical, plumbing, electrical, roof windows doors etc should still fall under the landlord's responsibility.
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13 November 2024 | 5 replies
No underlayment was needed, but the floors have to be pretty flat for an easy install.
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18 November 2024 | 14 replies
Roof ~20 years, STR kitchen 15 years, HVAC 15 years, etc.
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17 November 2024 | 30 replies
By default depreciation is straight line taking a flat amount per year based on the expected life of what you are depreciating.
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14 November 2024 | 1 reply
Great property, perfect setup for a duplex with separate driveways, entrances, back patios w/ storage, brand new roof, plumbing, newer HVAC, appliances, flooring, etc.