Benjamin Weinhart
Question on Treatment of 1.263(a)-(f)(6) With Self-Renovations
22 April 2024 | 2 replies
It just so happens that none of the individual expenses exceeded the $2,500 rule even though the aggregate cost to construct a set of cabinets (example) may exceed this threshold.Since 1.263(a)-(f)(6) specifies intent rather than the end result (Unless you think (6)(i) would apply), since the intent of the taxpayer was not to manipulate this election for a tax benefit, my assumption is that they would be able to expense all of the items normally.Just looking for confirmation as I'm pretty confident my understanding of the regulation is correct.
Francys Ramirez
Empty Lots - Are they worth it?
21 April 2024 | 9 replies
Annual interest cost or lost opportunity cost?
Marty Howie
Canadian looking to buy first BRRR in San Diego
22 April 2024 | 12 replies
This is because at the current rates, a high LTV property (which is required to extract rehab costs) bleed cash.
Daniel Kim
Why is my SFH not renting?
21 April 2024 | 4 replies
Sorry, but these are the costs of doing business.
Tim Berryman
Anyone With Experience Partnering With Viking Capital Multi-Family Syndicators
21 April 2024 | 13 replies
Also, per their numbers they are buying for 37 mil, debt 24 mil, equity 20 mil, 44mil minus 37 price = 7 million in closing costs, which is 35% of the total equity, RE commissions of say 4% total 1.5 mil so they are taking 5.5 million in fees up front as well minus the inspections/loan fees etc.
Michael R.
Your thoughts on Zillow "Rental Protection"?
22 April 2024 | 10 replies
For $45/month, you get $5,000 in rental coverage for things like missed rent, excessive damage, excessive cleaning, pet damage, and eviction costs.
Larry King
Accelerated depreciation on primary residence turned STR?
21 April 2024 | 8 replies
For example, the current value of your fence in its current condition, not its original cost.
Arshiya Taami
Loan Officers I need your advice!
22 April 2024 | 6 replies
If you are looking at homes $850k-$950k, you would need $212,500- $237,500 + 6 months reserves and closing costs if you are looking to use a Hard Money Loan.
Jessica Jay-Maleski
Zoning - to re-zone or not to re-zone, that is the question!
21 April 2024 | 1 reply
I could walk the property and give you a contractors answer to cost and if an electrician needs to pull the permit or not.As most commercial properties have plenty of parking it comes down to bathrooms and kitchen and windows that needs addressed.
Kevin G.
New to flipping. Do I really need a General Contractor?
23 April 2024 | 16 replies
In NC you can act as your own GC if the total project cost is less than 40k.