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13 November 2022 | 5 replies
When I do my inspection I will be looking for wipes and other similar items.
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11 November 2022 | 0 replies
And the majority of the repairs I thought were needed on the property were cosmetic to bring the house from the 80s into the 2020s.As the list of items that needed to be repaired before I felt I could reasonably rent out the property grew, I soon realized I would be sinking a significant amount of money into the house.
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29 November 2022 | 4 replies
[Note, this is from the business perspective...some of these items may still be deductible on personal taxes if you itemize].
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9 January 2023 | 18 replies
Note if they take it off the STR market to place it in the LTR market, they need to get rid of the furniture and all the little items that stock an STR/vacation home.These cities (Los Angeles, San Diego) are trying to get rid of family vacation homes.
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4 January 2023 | 12 replies
I recommend flipping items.
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8 December 2022 | 1 reply
The big-ticket items had already been completed (new roof, HVAC) and as first-time homebuyers, this "project" was more digestible than others we had seen.
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21 December 2022 | 11 replies
We can also add back in depreciation and a few other items you may have written off.
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9 January 2023 | 1 reply
If I start having to dig into walls and the sub - floor I will almost automatically put an extra 5-10% in rehab costs for unexpected items since that is when you will typically find something that would be better addressed now rather than later.
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6 January 2023 | 5 replies
When you get the title report, during escrow, you review it and let the escrow/title company know which exceptions/items on Schedule B that you are objecting to (which usually buyers are just objecting to any monetary liens, and unpaid taxes), meaning you are saying they need to be cleared prior to close.
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9 January 2023 | 3 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.