Most of the renovations we did were upstairs for the tenants unit (duplex up).

Your goal should be to make the property indestructible and easy to repair.

From what I’ve seen, some flippers are still willing to pay buyer’s agent commissions, especially if they want to attract more buyers and make their properties more competitive.

He also noted other miscellaneous items for us to do also, and it seems like he's making a wish list. 

He kept pressuring me saying if  he put in put of his own money to make me feel comfortable.

Hi all, I’d like to give a brief introduction(skip if you want).

Just make sure to check local zoning for mixed-use properties before you dive in. 

Can't wait to dig into the forum and learn more from everyone on here!

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

I saw how fast the city was growing and decided to make the jump.