Purchase price: $450,000 Cash invested: $13,000 Bought this single family in Woodbridge to get out of an apartment in Old Town Alexandria and scoop up another property.

They have a ton of equity >$100K, <3%, but older home in need of roof, A/C, and water heater in next 5-10 years.

At the same time, I would like to be compensated for the work that I have and will put in.

My name is Carli, I'm a real estate agent with Kansas City Realty based in Kansas City, MO.

Then just did what we do either rehabbed sold  or in one instance tore down and built 8 units etc etc..

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

I am interested in GC’ing new construction homes and selling rather than fix and flipping and wanted to see if any of you had processes you were willing to share.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Philadelphia.

And same question for used manufactured homes that would be fixed up and sold in a similar manner. 

How long do you have to wait if the renters are late on their rent before you’re allowed to file an eviction notice here in Utah?