I own two new buildings that were built within a year of each other, by the same builder with same amenities, etc..... one building is 8 units, the other 12. As the LL i pay the CAM electrical... so hallway lightin...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in San Diego.
Purchase price: $730,000
Cash invested: $6,500
Duplex home, with 3 units. First floor is has a main unit 3/2 ...
When rehabbing a property, at what point do the expenses become tax deduction? I realize that it will raise your basis, which will effectively reduce your tax burden when you sell.
Here...
Hello, I am new to REI and still crossing some bridges for the first time. My question today relates to the following scenario:I have some kitchens and bathrooms that need to be remodeled in several of my units. An ...
Are people seeing 2019 numbers this year or is it just my property? My property is new and I'm not sure if this is normal. I evaluated the property based on an average of 2019, 2020, and 2021 numbers, so it cannot sur...
What documents do I need before or at closing to properly show transfer of lease ownership to me when buying a property with tenants in place already? This is my first time buying with existing tenants and just want t...
I find it fascinating that 90% of the bank owned homes i check out do not have toilets in them. Can anyone shed a bit of light on this for me please?
Hey guys,
So I manage multifamily deals (16+ units). We had a big of an issue when my property manager didn't realize that I purchased our property which included fridges in all units. He operated as if we didn't own...
Hey! Thanks for reading my post. I'm building a laundry room for tenants in my 2 unit property. I personally prefer gas dryers because they are more efficient and less expensive to operate. The cost of electricity is ...
Hey BP!
Am looking into commercial residential and want to know the differences between a class A, B, C buildings. Besides the ubiquitous letter grade, what actually makes the building class a C vs an F aka a war zo...