
22 May 2024 | 2 replies
Roughly $11,000 total up front acquisition cost.

22 May 2024 | 31 replies
I should note that I did a 1031 INTO 2 of the 3 houses, and did a cost segregation study and took accelerated depreciation on all 3 to offset 2022 taxes because I had a very profitable flip that year and I am a real estate professional per the IRS.

20 May 2024 | 3 replies
I may even sweeten the pot and offer to pay them a few thousand to help them with moving costs.

22 May 2024 | 3 replies
Located in: Trenton, NJ one thing to realize and talk to your accountant about is if you assume it - do you assume it based on his cost basis, which could be a lot lower than the property value and then when you do eventually sell it, you could be hit with a nice capital gains bill.

22 May 2024 | 5 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

23 May 2024 | 9 replies
(Fortunately, neither of these are a particularly friable substance.)Generally, removing all substances that might have asbestos won't be cost effective.

22 May 2024 | 5 replies
We reglazed a shower to costs on a BRRRR.

22 May 2024 | 2 replies
If it's a residential property, normally the loan will be more expensive to close directly under a LLC vs. your personal name hence the cost of debt tends to be higher.

21 May 2024 | 8 replies
I expected it to cost 30% more than 2021, not 60% more.
22 May 2024 | 18 replies
@Clif Charles, to avoid having to have two separate loans and two sets of closing costs, just use a conventional loan thats known as construction to permanent.