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8 March 2024 | 20 replies
I am looking for GCs that can do SF and MF, can do a new building on raw land, full rehabs of beat down properties, and touch-ups (I like the lipstick metaphor), and require little supervision.I also really like @Johnie Hopkins original four points: 1. provides estimates of rehab works that come reasonably close to actuals (firm bids would be a plus),2. is able and willing to do cosmetic work as well as studs-deep rehabs,3. has a dependable crew(s) and is known to hit targeted completion dates,4. is knowledgeable of Houston / Harris County permitting and inspection requirements.Please PM me or email!
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7 March 2024 | 5 replies
Not unless there is some local law requiring it.You can identify a handyman to handle issues.
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7 March 2024 | 0 replies
Furthermore, the evolution of remote work has reshaped office space requirements, with a growing emphasis on flexible, collaborative environments.**5.
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7 March 2024 | 18 replies
They can provide insights into tax implications, specific filing requirements, and potential deductions.General advice?
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7 March 2024 | 22 replies
I asked my CPA about bonus depreciation and doing a Cost Seg study on the property so I could get the 80% bonus depreciation but this is what she said: “Note that I don’t do that kind of work because it requires engineering knowledge that I don’t have.
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6 March 2024 | 9 replies
So the buyer had to demonstrate all the differences between his restaurant business, which was established and had several successful other locations already, and the previous new startup restaurant that had failed, to get over the "his type of business" = "a business of that same sort, at that same location, in fact in that exact same building, that had already failed, WTF makes you any different?"
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5 March 2024 | 4 replies
I feel uncomfortable asking to walk the property with a contractor because I don't have an established relationship with a contractor, am not confident the deal will pencil without the rehab estimate, and would need the owner to approve the walkthrough even though some units are occupied. 3.
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7 March 2024 | 15 replies
Which is to say, like @Matthew Crivelli, you're going to have a hard time getting a loan with bad credit.Now, some DSCR lenders don't require super high credit, but most want to see upper 600s.
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8 March 2024 | 8 replies
Even if not maximizing depreciation, the conservative estimates provided by DIY tools justify the cost for properties under $1.2 million.Addressing common concerns regarding the DIY option: Ease of Use: Most software for DIY cost segregation studies is user-friendly, requiring minimal input beyond property details.
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7 March 2024 | 7 replies
My company requires me to relocate to Kansas City and now I am in need of help on managing my soon to be rental unit.