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12 November 2024 | 6 replies
There are a few items I have no idea about, I'm hoping someone here has some experience in the field and can provide a ball park means of estimate 3 costs:1.
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13 November 2024 | 2 replies
This time, she agreed, and the sale finally went through.This experience reminded me how seemingly minor items can hold enormous sentimental weight.
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13 November 2024 | 9 replies
Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.
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14 November 2024 | 10 replies
By making partial dispositions, you can also avoid subsequent recapture on these items when you go to sell.
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15 November 2024 | 12 replies
Since you’re learning on the fly, there are many more unexpected items that you have still yet to encounter.
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12 November 2024 | 10 replies
This is a risk item.
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11 November 2024 | 36 replies
In addition, several items can be done simultaneously (I highly recommend this to save time as time is your enemy) such as doing the exterior siding or stucco at the same time interior rough electrical and plumbing is going on.Foundation is always first and rough framing follows that (which includes windows and exterior doors).
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11 November 2024 | 8 replies
From page 730 (emphasis mine): "All non-business tax deductions and exemptions that were temporarily suspended by the 2017 tax bill should be permanently repealed, including the bicyclecommuting expense exclusion, non-military moving expense deductions, and the miscellaneous itemized deductions.23 The individual state and local tax deduction, which was temporarily capped at $10,000, should be fully repealed.
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9 November 2024 | 8 replies
Hey @Sharad Bagri,For cash-flowing small multifamily rentals in Columbus and Dayton, consider these areas:In Columbus:* Northland: Diverse community with solid investment potential.* Southeast Columbus: Dense suburban feel, popular with families and young professionals.* Old North Columbus: Urban-suburban mix, appealing to young professionals.In Dayton:* Patterson Park: Well-maintained with a strong community vibe.* Northridge Estates: Suburban area with various amenities, ideal for renters.* Walnut Hills: Quiet and community-oriented, great for rental stability.Areas to Approach with Caution:* Columbus: Some sections of Hilltop and Linden due to higher crime rates.* Dayton: Certain parts of West Dayton, which face economic challenges.Focusing on due diligence in these neighborhoods can help you identify stable, cash-flowing opportunities.
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11 November 2024 | 4 replies
If you’re aiming to attract higher-paying renters, consider going taller (10-12 ft) for flexibility with larger items or small vehicles—this may boost interest and rental rates.