Interested in LTR’s, Multi-family, hard money lending, creative financing and potential partnerships     🏠 💵 📈

I wanted to create a checklist of potential major problems to look out for when considering older properties (pre-1960 build), especially regarding deferred capital expenditures. 

The annual appreciation rate shows a promising, steady growth potential in property values.2.

If you start going into electrical, plumbing, cutting in for new doors, roofing, HVAC, etc. then you would potentially need to pull permits.

Typically, it's applicable to certain types of property, and the rules can change.Regarding short-term rentals and bonus depreciation, the Tax Cuts and Jobs Act (TCJA) introduced favorable changes for businesses, including bonus depreciation for certain qualified property, but the specifics can depend on your situation.Using your property for short-term rentals may affect your ability to qualify for certain tax benefits, and the classification of your property (personal residence, rental property, business property, etc.) can impact the tax treatment.The IRS has guidelines regarding the depreciation of rental property, and bonus depreciation may not always be applicable to residential rental property.Additionally, if you decide to switch the use of your property (from short-term rental to long-term or mid-term rental), there could be implications for tax treatment.Given the complexity of tax laws and the potential impact on your specific situation, it is strongly recommended that you seek advice from a qualified tax professional.

For your Cleveland BRRRR adventure, zoom in on neighborhoods that look promising, learn about property values, repair costs, and potential rental income.

Just ensure you comply with your mortgage terms and local regulations.Financial Planning: With limited savings, it's critical to account for all potential costs, including maintenance and vacancies.

Hey Max, while appreciation is a possibility in this market, growth might be more gradual compared to dynamic, up-and-coming markets offering both cash flow generation and appreciation potential.

Numerous resources, meetups, and networks are available to help investors navigate the market, find deals, and connect with potential buyers or renters.We are experiencing economic growth with advancements in various sectors such as technology, manufacturing, and healthcare.

There has been pent up demand the last couple years, and potential home owners realize they’ll have to pay these high prices with high interest rates to own a home.