Mayank Jain
What happens after the period of cost segregation study completes?
21 March 2023 | 7 replies
Hey folks, I have a fun question on cost segregation study, around which I am trying to build a house hack thesis.ScenarioLets say, we have a $1M property ==> Building cost : $800k, land cost : $200kNow we do a cost segregation study, with following outcome- $100,000 of interior fixtures and finishes that can be depreciated over 5 years- $100,000 of interior fixtures that can be depreciated over 7 years- $100,000 of land improvements that can be depreciated over 15 yearsUsing a straight line depreciation on cost segregation data, we get- Building ($500,000 / 27.5 years): $18k- 5-year property bucket ($100,000 / 5 years): $20k- 7-year property bucket ($100,000 / 7 years): $14k- 15-year property bucket ($100,000 / 15 years): $5k Total first-year depreciation : $57kQuestions- Do my 5, 7, 15 year property materials cease to provide depreciation after their relevant cost segregation depreciation period is over?
Justin Sutton
JVs with Active Duty Military
1 March 2023 | 7 replies
My wife is an interior designer and we have 9 doors / 3 flips under our belt so far.
Charne Dixon
Turtle Pond Fix & Flip
14 February 2021 | 0 replies
This property is a 3 bedroom 2 bathroom house located in the city of Boston (Hyde Park) We made both interior and exterior improvements and fixed structural damages.
Russell Holmes
Anyone building new construction with tilt-wall?
20 November 2018 | 33 replies
We use the prefab interior studs as an upsell.Labor is our biggest costs at the moment and good help is even more costly these days.
Tim Boeving
Heloc - desktop valuation
14 June 2020 | 3 replies
When I got my HELOC, they did the desktop-type appraisal, made me send in some exterior/interior photos that I took with my phone, and it appraised at what I was expecting (actually a few thousand higher).
Nick DeMarco
City of Atlanta Permitting
4 February 2021 | 7 replies
General repair OR Interior alterations are the easiest permit to get.
Eric Michaels
Owner of or Architect led Design/Build Firm
5 April 2016 | 1 reply
I am a licensed Architect, Interior Designer, General Contractor and am a LEED AP.
Jackson Neu
How do I start House Flipping???
20 March 2023 | 16 replies
At minimum you need a real estate agent, title company, general contractor, and interior designer.
Bob Veitch
New to bigger pockets (contractor Pittsburgh,Pa)
17 March 2020 | 28 replies
I am a contractor I own a small interior remodeling company in the Pittsburgh area.
Nick Beveridge
Manufactured Home flip!!!
8 October 2019 | 4 replies
Full cosmetic interior remodel What was the outcome?