I just personally took a look yesterday and I mean in my opinion the fire damage is what will most significnatly impact the rehab costs but it is also the strongest leveraging item in the buying price.

For more information, see Publication 946.The following items increase the basis of property.The cost of extending utility service lines to the property;Impact fees;Legal fees, such as the cost of defending and perfecting title;Legal fees for obtaining a decrease in an assessment levied against property to pay for local improvements;Zoning costs; andThe capitalized value of a redeemable ground rent.Deducting vs.

We are heading up to Michigan next week to prep that house for sale and will try and sell the FL house in the fall.Our plan is to use the profit from the sales to buy a rental here in Nashville (or possibly join forces with someone to flip.) 

And Rehab Costs would be the cost to tear down and construct the new property, including all hard and soft costs that aren't factored into the Fixed Costs.For example, if I have a house that I can tear down and rebuild a 2000 sf property that would sell for $400K; it would cost $100/sf to tear down and rebuild; I'd have $50K in Fixed Costs; and I'd want a 20% profit on the resale price ($80K), my max purchase price for the tear down would be:MPP = $400K - $50K - $80K - $200K = $70KKeep in mind that the rehab costs must account for all of the following:- Site Planning- Zoning Approvals- Utility Installation- Permits/Impact Fees- Environmental Studies- Etc...If these costs aren't factored into the per-square-foot construction costs, you need to factor them in separately. 

What kind of impact could this have on the real estate market.Check out the link below and let me know what you think!

I'll be moving to the Cincinnati/Dayton area in about year so I'm just trying to network with people in the area so I can hit the ground running when I arrive.A little about myself and my goals:I'm 24 years old and for the past 6 years I've been serving Active Duty in the Air Force.

Any advice on the best medium to get a flexible, reliable work force that can handle real radar relates tasks in eastern North Carolina?

If it doesn't make sense, don't force the numbers forcthe sake of making it work.

I posted this in the Wholesaling forum a few days ago and got an awesome response, but I didn't know about this section so I figured I'd post here as well.I'll be moving to the Cincinnati/Dayton area in about year so I'm just trying to network with people in the area so I can hit the ground running when I arrive.A little about myself and my goals:I'm 24 years old and for the past 6 years I've been serving Active Duty in the Air Force.

I found another investor in my market who was just starting out and we decided to put our forces together.