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25 January 2024 | 2 replies
Also, keep in mind De Minimus Safe Harbor is available on remodeling expenses with an individual transaction value of $2.5k or lessAlternatively, for any of the remodeling costs in Step 1 that don’t qualify for De Minimus Safe Harbor and have a useful life (period they will take to wear out) of 20 years or less you can take 80% bonus depreciation in 2023. ...
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13 January 2024 | 8 replies
@Zachary McHugh the best research you could do in New England is attending a few local selectman committee meetings to hear, first hand, how such small committees operate and how quickly they can enact de facto STR bans within their community.
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1 January 2021 | 14 replies
I am going to rent a room out in one of my units too so I should have no problem living for free (hopefully taking into consideration all expenses)Originally posted by @Paul De Luca:@Brandon GatesThe first house hack is mostly about lowering your housing expense and gaining momentum for your next deal.
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22 December 2023 | 56 replies
I think you overpaid for the property but at least you took action and didn't spend years reading books and watching videos.I think de-listing it then list at again in March as a fresh listing or lower the price.
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17 August 2016 | 16 replies
Was pricey, but the lowE glass reduces solar gain.
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25 January 2024 | 61 replies
I noticed in the pictures that the property was weatherized and would love to know if the seller de-winterized the property for inspection purposes?
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11 September 2023 | 2 replies
I currently live in Seattle and will be moving to Wilmington, DE.
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18 April 2017 | 10 replies
Hi @Ben A, if you're an accredited investor who is seeking to defer your capital gains tax when you sell and you no longer want to be the landlord, you might consider reinvestment into DSTs (Delaware Statutory Trusts).
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13 November 2019 | 4 replies
I got quotes of $35,000, $40,000 and $35000.Cut out and remove the existing cast iron hot water boiler, both hot water heaters.Cut out and remove the existing 11/2"-21/2" supply and return heating mains that run from the mechanical room (back of the house) to the meter room (front of the house).Install 2- 9 port manifold stations in the mechanical for supplying heat to the cast iron radiators.Plumb the supply and return (home runs) 1/2" pex tubing for the cast iron radiators from the manifolds to the existing branch of risers in the basement ceiling.Pressure test all piping.Pipe new 11/4"x 50' gas piping from the meter room to the mechanical room.Pressure test gas piping.Install a HTP UFT 140 high efficient modulating condensing hot water boiler and a Turbomax 45 Reverse Indirect Tank (Buffer tank and Potable hot water) with near boiler piping and controls containing:The supply and return header piping from the UFT 140 boiler to the Turbomax 45 will be piped in a 2 pipe buffer tank configuration.Isolation drain and purge valves.Air and dirt magnet separators.High efficient ECM circulating pumps with isolation pump flanges.Hydronic expansion tank with support bracket.Back flow preventer and auto filer combo unit.Inline sediment and De-minerlized filter.Controls & Wiring:Low Water Cut Off.18- Manifold Actuators.Zone Control Box's.3-Thermostats with wireless sensors.Outdoor Sensor.Cold and Hot water potable water side:Isolation valves.Thermostatic mixing valve.Thermal expansion tank with support bracketPipe 3" Polypropylene and PVC flue and air intake piping from the boiler to the outside along with a thin low profile termination kit.Install a Condensate neutralizer pump and plumb the discharge tubing from the pump to the indirect stand pipe in the mechanical room.Pressure test all piping.Install and wire in all controls in the mechanical room.Power flush the system and remove any debris that is in the radiators and piping.Drain the water out of the entire system.Re-fill the entire heating system with De-mineralized water and power purge all the air out of the entire system.Set and adjust the flow meters on the manifolds as per radiators btu's output.Perform a combustion analysis on the boiler and make any adjustments if needed.