3 June 2024 | 7 replies
How much did the program costs?
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4 June 2024 | 4 replies
@Laura WilliamsI need to get the cost of the machines.
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4 June 2024 | 4 replies
They'd get so mad, that it made me think there was a strategy to get us to eat the costs.
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3 June 2024 | 0 replies
Avoid lipstick on the pig.Renovations like nice kitchens and bathrooms are great for rental properties, but it is not everything.A property that has been cosmetically renovated, but has no capital improvements is worse than one that has been very well-maintained, but might have older cosmetics.If I walk into a property and I see that the kitchens and bathrooms have been redone, but all the walls are plaster there's no grounding in the electrical and the plumbing has never been updated that I consider it a full gut.It's a shame to pay a premium because of a nice kitchen and bathroom only to find out that you have to rip it all apart.It is usually less expensive to do cosmetic rehab for rentals than capital improvements.
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4 June 2024 | 8 replies
It is a practical way to dip your toes into real estate by using your primary residence to generate rental income.Meanwhile, for the patient investor, the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) is an incredibly effective method over time, allowing you to steadily build wealth through real estate.Both methods have served me well in navigating the Tampa market, and I would be happy to share more insights or connect with you if you're interested.Best regards,Jorge
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3 June 2024 | 2 replies
When you have a big cost segregation depreciation plus your big startup expenses such as furniture and supplies, and you then have a big tax deduction against your big W-2 income because your passive losses are no longer limited with your big material participation, it increases your audit risk a ton.
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3 June 2024 | 20 replies
Did it one time cost me.
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2 June 2024 | 2 replies
Hello, I recently bought my first rehab/rental.
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3 June 2024 | 4 replies
Well-established investors have a few more opportunities for 100/100, but not much.It should reasonably be expected to put down 10-20% of purchase, depending on your deal numbers, with a total loan amount (purchase + rehab) not to exceed 70-75% of ARV.