Or with the Secure Act, you can now do 100% bonus depreciation and take the entire depreciation deduction this year- best if you have unusually high income for 2020.Hope this helps!

.- $1200/fixture for plumbing (the shower would be 1 fixture and there maybe an extra charge if they have to dig up the foundation, if it's also in a basement you will want a backflow preventer which the plumber should recommend)- $1400 Tiled shower labor & bathroom floor which this includes thinset and goboard or duroc (a little less if its just the shower)- $500 tile & grout- $50/ shower valve I use pfister & $150 for shower trim kit (amazon)Total: $3300I would round up to 4k to allow for a contingency.

I had to pay a large amount of taxes in 2020 for this 2015 mistake – let's round it to $10k just for argument sake.  

A lot of the wholesale deals aren't really "off market" anymore, because they're blasted to the whole world anyway, and they're doing "best and final" rounds just like MLS deals. 

Mortgage: 30-yr fixed rateRevenue:Monthly rent: $1,800 (using rentometer and assuming property is a rental, even though I would most likely house hack it first)Vacancy rate: 8%Expenses:Property taxes: $2,400/yr (rounded Zillow's $196/mo to $200/mo*12 mo/yr)Home insurance: $1,100/yr (rounding Zillow's $88/mo to $90/mo*12 then rounding that up to the next $100)Maintenance/repairs: $1,300/yr (assuming 6% of monthly rent and rounding to nearest $100)Advertising: $150/yr (default value in J.

Hopefully round 2 of financing goes better that the first.

Yes, his taxes get spread out over time but so does the money he receives so not really a big bonus. 

Have been living in the Northern California for past 10 years in my own house and want to buy an investment property but prices are ridiculous after Covid.I am thinking of buying in Austin and have done my searches like Round Rock, Leander, Cedar Park neighborhood in the redfin app.

I personally got a full BRRRR deal off of two rounds of mailers at approximately 500 letters each month.

The bonus is you will get to see a ton of property, so you can learn neighborhoods and quality and price/quality perhaps pretty fast while being paid to do that.