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10 April 2024 | 4 replies
I'd estimate 12-15% of the sales price as you'll have to back out land value and then you'll get closer to 20% of actual home as a deduction (assuming 100% bonus depreciation which the jury is still out on that being extended. 2.
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9 April 2024 | 2 replies
Purchase price: $200,000 Cash invested: $30,000 I purchased the duplex through a wholesaler and extended the kitchen / dining room area in the downstairs unit.
9 April 2024 | 4 replies
You gave them a notice of termination, which means you aren't renewing or extending their lease for another month.
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9 April 2024 | 7 replies
If you own the LLC, then it's your deal and no coverage would extend to that transaction.
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9 April 2024 | 1 reply
We closed on the sale of the property Thursday at a sale price of $1.7 million with $412,000 down and a 2 year balloon note (with options to extend) for $1,288,000 at 9.999% interest with interest only monthly payments.
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9 April 2024 | 10 replies
Should I increase the rent since he's an extended family?
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9 April 2024 | 1 reply
By adding a seating area around a travertine fireplace, I gave the illusion of the dining room being extended to the outdoors area as well.
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9 April 2024 | 19 replies
...if the vacancies are frequent or extended, it can be a big expense, so I analyze this thoroughly.As for house-hacking specific costs, there are things like furniture/appliances/decor for the common areas of the house, costs of screening applicants (like background checks), cost to advertise, the time and effort required to manage a house hack, etc. ...although these expenses are worth consideration, they tend to be much smaller and almost inconsequential compared to the big capex expenses that can come with buying the wrong property (e.g.; you might spend a couple hundred bucks on tenant screening, but a new roof might cost $20k+).Back when I was house hacking regularly, one of the most significant "costs" was the cost of my time and effort to acquire tenants (which includes all the time and effort of posting ads, responding to inquiries, answering questions, doing viewings, screening applicants, managing tenants once they were in-place, etc.).
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10 April 2024 | 59 replies
I have a client looking to build a 3 separate 3 unit homes SFR/ADU/JADU in a coastal area of SD, and I just spent several hours reading the codes...the 2025 OO exemption provision doesn't extend to JADUs...
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8 April 2024 | 9 replies
This can extend out in November and December.