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21 February 2022 | 20 replies
What happens if you have a large repair occur?
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22 February 2022 | 15 replies
Ideally you know the existing paint (color and sheen), but if you do not the various paint vendors can create a match from a modest size paint sample.As for the profit with $200 to $400 per door, That profit should be after allocating for all expected expenses including tenant turn over costs, vacancy, maintenance/cap ep, PM (charge for PM even if self managing because it is work and you deserve compensation for doing the PM duties), PITI, and the various miscellaneous costs (such as portion of LLC cost, portion of umbrella policy, portion of office costs, unexpected costs (for example if a slab leak occurs, we pick up the excess water charge as it would not be right having the tenant pay this cost - these types of items are irregular but they do happen and should be accounted for), etc.).
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9 March 2022 | 1 reply
That occurred several more times as I bought and moved.
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21 February 2022 | 2 replies
So you may want to compare this to other ways of financing the repairs and figure out what makes the most sense in terms of the cost of capital.The repairs you make to the new property will certainly be written off, in the sense that they are either repair expenses in the year they occur, or depreciable capital expenditures that you will depreciate over time (you may also want to ask your CPA about cost segregation for the repairs).But paying tax on the boot from the 1031 exchange, and paying for repairs on another property, are unrelated events.
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21 February 2022 | 13 replies
Then if I also have a freezing alarm and someone leaves the door open during the day time operating hours there will be plenty of time and opportunity to remedy the situation before damage occurs.
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8 March 2022 | 2 replies
There is a meetup that occurs once a month in hicksville(as of now) check out meetup.com "real estate rocks"
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22 February 2022 | 3 replies
This refi would use the purchase price as it would occur with in the 3 month seasoning period.B) Delayed refinance – You would stick with the stable bridge loan and then refinance at your leisure.
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7 March 2022 | 2 replies
Please your expectations prior to closing, then any contrast with what you expected, that occurred in the first year.
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9 March 2022 | 2 replies
What if that "pay day" you're speculating on happens when/if a major leveling in property values occur?
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24 February 2022 | 3 replies
Dylan's is occurring today, but I can't make it.