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30 October 2015 | 6 replies
My house still needs cosmetic work like flooring and paint and some new appliances before I sell it, well added it up and wanted to borrow 10,000 against the house and fix it up using their money basically and sell it this spring.
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2 November 2015 | 8 replies
One thing many people forget about capex Conness is it is not only a roof my boiler, it could be windows, appliances, flooring and many other things.
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14 December 2015 | 15 replies
In 1981, that had to have been one of the last models availableToday's tenant paying market rent is going to expect newer appliances unless you have the only property available in a super desirable areaThe difficulty is going to be matching the size exactly with the wood around the built in.
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31 October 2015 | 9 replies
For example, Equipment and Machinery are a valid asset class for DDB, so you can use it on appliances, furnace, water heater, etc.You frequently see this type of cost segregation for components on large, multi family properties because there are so many appliances, furnaces, etc that go into it that it can really be a significant part of the building.
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5 November 2015 | 11 replies
You might even get to keep your appliances
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12 November 2015 | 3 replies
Disclaimer: I am not a professional plumber or other contractor; this is just based on experiences with houses I have bought/owned.Don't forget to get the water out of any appliances that might be staying in the house - dishwasher, refrigerator with icemaker, furnace, washing machine.The dishwasher usually retains a quart or so of water in the sump - you can suck it out with a wet/dry vac, or put the RV-type antifreeze already mentioned in it.
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2 November 2015 | 13 replies
I want to find a house one day that only needs $20k in repairs :) I spent $5000 in appliances alone on my last one (reasonably above average Kitchen Aid).275k ARV258.5k after commissions30k profit assumed190k purchase price assumedThese numbers would leave 38.5k for rehab, carrying cost, closing costs, etc.
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30 April 2016 | 4 replies
All appliances are brand new.
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6 November 2015 | 7 replies
Purchase Price (November, 2011): 85,000$Sales Price (September, 2015): 139,000$**Total Rehab Costs: 9300$**=========================Fresh Carpet: 2000$Appliances: 3000$Paint: 500$Countertops: 400$Staging Materials: 400$Fixtures: 500$Electrical wiring: 200$Plumbing Work: 800$Doors / garage doors: 600$Miscellaneous supplies: 500$Fence Work: 400$==============================**Total Holding Costs: 2 months - 2000$****Total Closing Fees: 12,500**==========================================Realtor Fees: 9000$Buyers cash in lieu of repairs cost: 3500$===========================================Rehab + Holding Costs + Closing Fees: $23,800Profit: 30,200$Anyway, just wanted to share that with ya'll, it was a very unfortunate circumstance, it's been a very rough couple of months, but just trying to see the light at the end of it all.We'll be closing on it this week, just thought I'd share.
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29 January 2016 | 3 replies
Depreciate the cost of your appliances, roof, driveways, etc. over their useful life and you will be surprised at the actual cost.