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14 November 2024 | 25 replies
Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.
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21 November 2024 | 39 replies
And in second, setting up a "plan Z" where if all else fails what does get "burned to the ground" is replaceable, and the wealth center is protected on it's "asset island".
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11 November 2024 | 22 replies
For $23k, they better have replaced the whole sewer line with double-wall aircraft aluminum and platinum fittings!
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3 November 2024 | 11 replies
Is it the entire system that needs to be replaced?
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11 November 2024 | 2 replies
My business partner and I paid them $12,750 right after the roof was done, and this was for the total roof replacement plus half of the rest of the project.
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11 November 2024 | 29 replies
I know it has been costly to replace/repair the damage done especially with the property being vacant and a monthly mortgage payment due as well without any rental income coming in.Any advice is greatly appreciated.
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14 November 2024 | 10 replies
Secondly, if the appraised value is less than replacement cost, ADU does not make sense for a value add.
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4 November 2024 | 2 replies
I'm currently working on a tool that will help fix and flippers and BRRRR investors with managing their projects and also creating a service for investors to pre-vet and replace labor quickly.
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11 November 2024 | 36 replies
Hang your new fixtures and replace the knobs and pulls.
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19 November 2024 | 24 replies
I used a business credit card to pay for a new roof and will use it going forward for all repairs and replacements of items.