Nate Ward
My first flip deal, that was supposed to be a buy and hold.
21 December 2018 | 0 replies
I cleaned the property, it was filthy.
Hayden H.
Am I paying too much for a gut rehab in Berkeley?
20 April 2019 | 8 replies
Since its a gut rehab down to the studs, it requires new plumbing, electric, some new framing, roof, floors, windows, doors, paint, trim, insulation, drywall, recessed lights, kitchen, 2 small decks, garage door, porch repair, re-concreting driveway, landscaping front yard and back yard (very small lot 2,200 sq ft).
Mary Jay
What is your criteria to know when its too much work for a rental
2 January 2019 | 13 replies
It needs new roof (10-12K), new windows (not sure how much, may be 5-10K), electrical (may be 4-8K), probably some plumbing...
Jon Dorsey
Property Basis for Depreciation
22 December 2018 | 8 replies
Purchase: $300kFMV: $550k Tax Appraisal Land Value: $253kThe issue becomes that usually the improvements (road, signs, fence, dumpsters, electrical, water/sewer, lots, etc) usually run 60-70% of value of the investment and thus is depreciated but with the land value on this about equating to purchase price, I’m missing out on this write off.
Jon Dorsey
How to Determine Basis for Depreciation?
22 December 2018 | 2 replies
Purchase: $300kFMV: $550k Tax Appraisal Land Value: $253kThe issue becomes that usually the improvements (road, signs, fence, dumpsters, electrical, water/sewer, lots, etc) usually run 60-75% of value of the investment and thus is depreciated but with the land value on this about equating to purchase price, I’m missing out on this write off.
Jean Joseph
Electric stove vs gas in florida
25 December 2018 | 7 replies
Electric, no one wants gas, it's an extra bill and as a landlord a headache.
Robert Biggerstaff
What have you learned to keep long-term tenants?
26 December 2018 | 15 replies
If the AC goes out, we bring two or three electric fans until it can be repaired.
Sean Doherty
legal nonconforming Taunton MA
22 December 2018 | 2 replies
Legal non conforming generally means its use has to be changed per town ordinance IF it needs rehab such as tearing down to the studs, total demo, partial demo, new electrical system etc..
Eric Healy
$450,000 in equity, what do I do?
28 December 2018 | 32 replies
Unfortunately he had an electrical issue ( that engine must not have mags ) but anyone total power failure coming from Truckee one day he was just entering the 45 and of course could not make the run way.. and landed in the vineyards which cushioned his controlled crash landing.. minor injuries he was lucky.. plane was totaled though..
Zach Ballou
Fire Place in a flip???
22 December 2018 | 1 reply
@Zach BallouDid you think about electric fire place...low cost and easy to install I know they look a bit modern but can install a nice mantel and some decorative trims around if needed or even some leadger stone panels from floor to ceiling surronding the fireplace would be an option also.Search ebay for electric fireplace for better idea.Good luck