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6 August 2024 | 54 replies
.- Landlord costs skyrocketing: - Insurance: +30% (thanks, climate change) - Utilities: +30% - Property taxes, materials, maintenance all up - Even lawn care and cleaning services cost moreThe article argues these costs are being passed to tenants, not just padding profits.
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3 August 2024 | 16 replies
Under the IRS rules, a person qualifies as a real estate professional if: (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participates, AND.....(2) hours spent providing personal services in real property trades or businesses in which the taxpayer materially participates total more than 750 during the tax year.Like @Greg Scott and @Russell Brazil mentioned above, I don't believe that you would qualify as a REPS, but if you are going to try it, make sure you document it very well (i.e. with some kind of proof, like time cards, mileage forms, and/or receipts, etc.) so that just in case you do get audited, you at least have something to provide to the IRS agent.
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2 August 2024 | 1 reply
It wasn't always smooth sailing – I've learned a lot from my mistakes and am happy to share those learnings to help others avoid them.Feel free to ask me anything about structuring subcontractor relationships, ordering materials, or keeping budgets on track.
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2 August 2024 | 27 replies
The colors & housing-materials that you described above are a "sign of the times".
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2 August 2024 | 4 replies
We really can't tell you anything based on the information offered, it depends on local laws, costs, rents, materials, permits, etc.....
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2 August 2024 | 10 replies
They haven't been a maintenance issue other than the glass shades once getting broken which I was able to replace with used shades from a used construction material store like Habitat for Humanity.
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2 August 2024 | 2 replies
For affordable housing, the average construction cost is generally lower than market-rate projects but still substantial due to various factors such as labor, materials, and compliance with affordable housing regulations.Affordable Housing Construction Cost: The cost to build affordable housing in Oregon ranges between $250 and $350 per square foot as of 2024.
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31 July 2024 | 27 replies
She said "I'll give you 5 minutes, then we've got to redo the sale" so I SPRINTED (getting yelled at by the sheriffs at the metal detectors) to my car and frantically looked EVERYWHERE AND NO LICENSE!!!
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30 July 2024 | 2 replies
Hello all,If anyone is familiar with cost segregation studies, do you know what asset class/depreciable life a stand alone, metal sheet, metal frame carport would be depreciated?
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3 August 2024 | 19 replies
Cost savings over 30 years is irrelevant as it's unlikely to materialize. - No one knows what will happen in the future.