
7 June 2015 | 4 replies
You take that 80%, in this case $80,000 and divide it by 27.5 years, giving you $2,909.09 per year in write off.

7 June 2015 | 2 replies
I'm going back to the drawing board lol

3 May 2021 | 17 replies
They also don't tell you until after you request your first rehab draw that they will only release funds AFTER the portion that you are requesting is complete...this means that either you or your contractor is responsible to float the project until the funds are dispersed.

8 June 2015 | 9 replies
So, going backward; $35,000 divided by 1.10 would equal the cost.

9 August 2016 | 69 replies
I don't do it to purposely lose money.As far as "do I invest for a percentage of the flip" - since it's my own money, I have the flexibility of evaluating each deal on its own merits, and drawing my own conclusions.
10 June 2015 | 3 replies
Sometimes they start the bidding low enough to draw bids.Or, do you mean a preforeclosure.

9 June 2015 | 10 replies
You essentially take the total basis of your profit, divide it by 27.5 and you can deduct that amount every year against your profits.

9 June 2015 | 11 replies
The landlord is being lazy.If she doesn't want to do the math every month, then she should find out what the average bill was for the last year and divide that accordingly between the tenants (40-20-20) and just charge that much more in rent and be done with it.

11 November 2020 | 1 reply
Anyone has a referral for an architect engineer to do a quick draw and mechanical planning for a small single family rehab in Washington DC?