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30 December 2024 | 1 reply
You will often see this with their scheduling, communication, and even finances (asking to be paid ahead of schedule).
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8 January 2025 | 9 replies
This will reduce your risk and cash invested and if something goes wrong you wont be bled dry with never ending repairs.
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27 December 2024 | 2 replies
Playing sports isn't forever and I know a 9-5 isn't for me, I am very much desiring to get ahead and learn how to build wealth from all those smarter than me!
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9 January 2025 | 30 replies
Told me the violation wasn't corrected in the 30 days required timeframe (yes you are correct, the repairs were done in time but they didn't come out to confirm).
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9 January 2025 | 11 replies
Expenses incurred before the property is in service are considered capital expenditures and must be added to the property’s basis rather than deducted immediately.This means costs like rehab expenses, repairs, and other improvements made before the property is ready to rent are added to the property’s purchase price and can be depreciated over time once the property is in service.
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31 December 2024 | 4 replies
I'll have an engineer look it over and stamp off before I move ahead.
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7 January 2025 | 5 replies
This ensures you have a clear picture of what repairs are needed and helps avoid surprises during the rehab.
24 December 2024 | 2 replies
A typical five-piece surround is held together with glue and caulk, and without maintenance, it will fall apart and just cause you more problems.Instead, go ahead with a two-piece surround or even a tile surround.
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5 January 2025 | 7 replies
I would definitely factor in some substantial capex/ maintenance and repair costs which could lower your returns.
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2 January 2025 | 12 replies
I bought 1 House out right, I am refinancing for 100k. had 1 renter paying 1000. using the refinance to purchase the second property, and putting renter for 1400. it will also need 25k in repairs.