Darius Lipsey
What Improvements to increase appraisal
Morning BP!!!
Today I’m closing on my first duplex! Right now both units are vacant. The plan is to renovate unit one and get it rented. Once the first unit is rented, live in the second unit and renovate that one.
...
Freddie Walker
Home Improvement and Renovation Advice
Being new to Bigger Pockets I was not sure how best to distribute information such as this. However it seems these articles from the latest ConsumerReports magazine might be of interest to a large number of members.ht...
Matt Geerts
Improving multifamily value in Ontario
I saw a 4-plex that was priced very well for the market it was in. I asked for the pro-forma, plugged in the numbers and it failed miserably. The problem is that the rents are about 80% of what I think that market ren...
Matt Nolan
Strong-armed over leasehold improvements
Long story short:I went into business with some friends (we started a boxing club), and things have gotten sour. We've moved to dissolved, and in doing so plan on liquidating our assets. Here's where things get hairy....
Conor Shea
Improvements for a better appraisal
A new investor in San Diego and I recently bought a triplex and did some renovations. Looking to get it appraised for a refinance but am looking for tips for the appraisal. I have redone the kitchens and roof but have...
Michael X.
Land value, improvements and depreciation
This is a scenario that I have not run across before. These numbers are roughly based off of the auditor's website.
A commercial property has a higher land value (100k) than the depreciable improvement value (60k). ...
Michaela G.
Condo improvements without everyone's approval?
I own 2 duplexes in a cul-de-sac of a total of 8 duplexes. After the purchase I found out from the city, that whoever built them, never finished subdividing the property completely. At this time there are 7 different ...
David Green
Capital Gains on improved property
I purchased a condo several years ago and pumped quite a bit of money into it to improve the property. I later moved out and rented the place out. It has been rented now for more than 3 years. So I can't qualify for...
Tracy Graham
Increase subject to improvements value
Pretty good laminate countertops already in home. Purchased for 72k. Would like to add some value for “subject to improvement” appraisal to pull equity. Granite? Quartz? Leave the existing ?
Timothy VanWingerden
Operating expense or capital improvement?
I am working with an accountant as I prepare returns for the first year of owning real estate. I read Brandon Hall’s article from a while back talking about the tax myth’s for real estate investing. One was the follow...