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4 August 2016 | 43 replies
Plus I was able to buy at such a bargain that the numbers were favorable.If your goal is purely income-generation, or you're located in a convention city or a place where people vacation year-round, the numbers quite often favor residential rental.
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18 January 2020 | 52 replies
Guests asking questions, guests with issues, leaky faucets, broken BBQ's, TV remotes with dead batteries, etc.
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22 March 2023 | 7 replies
Safety hazard.7.4.C loose wire ends need to be in box in storage room8.0 foundation- water intrusion visible signs in crawl space. 8.2- undersized wood beams- need reinforcement10.1.a drywall on wall shows wet stains indicating moisture unit 310.2.A unit 3 living room floors are sloped and sagging.10.4.B sliding door unit 2 10.0.C Drywall on ceiling water stain unit 1 over washer/dryer10.1.C drywall on wall peeling paint at utility closets10.6.C electrical issues10.1.D framing wall leak10.3.D back stairs need to be redone for roper stability11.6.A unit 3 exhaust fan not work11.3.B unit 2 bathtub resurfacing needed11.3.C improper materials used at the unit 1 hot water supply11.5.C defective GFCI outlet unit 16.4.A new sump pump + battery
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4 August 2009 | 6 replies
Now say you've collected only 15k in rents now the government will get their hands on a portion of the 5k difference instead of 15k.Basically it helps lower your taxable basis.For commercial it's 39years and for those people who are really just "hiding" money what they do is buy properties in a leasehold interest (which is pure improvements) and they get to write off everything over 39 years.
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5 February 2023 | 5 replies
I've been trying MileIQ, but honestly, it's draining my battery and missing trips.
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8 January 2021 | 11 replies
Also it gives you a chance to make sure they are changing furnace filters and batteries in smoke detectors.
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20 January 2015 | 6 replies
These inspections were purely due diligence on my part.
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14 January 2015 | 9 replies
We also buy pure investments on the side as often as possible :) While this lifestyle has its moments it can be truly amazing as an real estate investor!
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17 March 2023 | 17 replies
Commercial mixed use is a very different animal than pure multi family.
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19 March 2023 | 16 replies
I made the move purely because I wanted to be a full time real estate investor.