
30 May 2024 | 22 replies
That's a huge thing you are giving up (and maybe worth the additional price of 315k over 260k to you).

30 May 2024 | 9 replies
These expenditures are capitalized, meaning they are added to the property's basis and depreciated over time.Examples of Capital ExpendituresBuilding Additions: Adding a new room, deck, or other structural improvements.Major Renovations: Remodeling a kitchen or bathroom, replacing the roof, or significant electrical and plumbing upgrades.Appliance Replacement: Installing new HVAC systems, water heaters, or other major appliances.Structural Repairs: Replacing the foundation or significant repairs to the building’s structure.Labor CostsLabor Costs: The costs paid to contractors, electricians, plumbers, carpenters, and other professionals involved in the renovation are part of capital expenditures.Example of Capital Expenditures with LaborSuppose you renovate a rental property, including a new kitchen and bathroom.Materials: $15,000Labor Costs: $10,000Total Capital Expenditure: $25,000This $25,000 would be capitalized and added to the property's basis.

30 May 2024 | 31 replies
In addition given the large DP I suspect you were not worried about a deep dive into the church's ability to debt service.. ???

30 May 2024 | 7 replies
My best suggestion for finding a mentor is to start networking locally.

30 May 2024 | 13 replies
In addition, many townhomes have a splash pool and all of the communities have a clubhouse with resort style pools and many have lazy rivers in addition to the homes having pools.

30 May 2024 | 47 replies
Additionally, there is no REA org here that I'm tracking.
30 May 2024 | 3 replies
Therefore, I'm focusing on Texas for now.Here are some specific points I would appreciate advice on:Cash Flow and Growth Potential, Market Stability, Property Management, Local Insights.Additionally, if there are any realtors here who specialize in investment properties in these areas and can help me grow my portfolio, please reach out.Thank you in advance for your advice and suggestions.

30 May 2024 | 7 replies
Quote from @Dan Hinz: My business partner and I are looking at buying a property in Akron, OH, but we aren't intimately familiar with the city yet (we both live in Florida).Other than virtually driving around on Google Maps Street View, does anyone have any suggestions on how to analyze specific areas and neighborhoods?

29 May 2024 | 64 replies
It works a lot more for just keeping additionals from coming in later on.

31 May 2024 | 16 replies
if a total newbie in this should really be trying to get a small loan (50k) to purchase two house around 60k each"definitely notWould you suggest one house with no loan then?