Julio Gonzalez
Example of Cost Segregation on an Office Building
Let’s say you purchase an office building for $14,000,000 and the value of the land that the building is on is $2,000,000. You have $12,000,000 in depreciable assets. Without a cost segregation study, you would deprec...
Lydia Conway
Newbie Baltimore Investor
Not to clear in the permit process. The property I purchased seems to have updated plumbing and electricity. Do I still need an inspection?
Euri Lorenzo
WHAT TYPE OF HEATERS DO YOU RECOMMEND???
I recently purchased my first out of state investment property in PA. I am currently having my handyman fix up the property & I am replacing the heating system from oil to electrical. Since I live in Miami &...
Scot Fang
Plans & Drawings for Energy/Mechanical/Plumbing/Electrical
Hello BP,We built an addition to a SFH and converted it from a 1-residence to a 2-residence unit. The architectural plans and construction were approved and completed. Now the city is requesting the following:1) Ene...
Nicole Bryan
commitment conditions
Hello BP members,
This site has truly been an amazing resource! I have a quick question. I have a commitment letter that requires that the "range/oven and areas around the range/oven" be inspected by an elect...
Julio Gonzalez
Cost Segregation Study on Knoxville Apartment Complex
A cost segregation study was performed on this apartment building in Knoxville, TN with a depreciable cost basis of $17,323,250. The property is 4 stories and 93,542 square feet and was constructed in 1989. The proper...
Logan M.
Onsite Handyman in Mobile Home Parks
There is a universal rule that you get a handyman from the last owner whenever you purchase a mobile home park. I have had a wide variety of outcomes but I want to give a few warnings from my experience.
1. Don't r...
Wilson Lee
Am I being ripped off? Electrical contractor
I have a four unit apartment building. The person who sold the building may have installed new plugs/ outlets. I hired a contractor to change out two electrical panels. The exact wording is “CHANGE OUT 2 100A SUB PA...
Ross Wendt
Rehab without a GC in Florida
Hello all, I am a long time lurker of the BP forums, but first time poster. I tried looking around for information on my question, but haven't been able to find a suitable answer. I have faith that the BP community ...
Michael O.
Seasoned MF investors lend me your eyes.
Looking to get into my first MF property. It would be an out of state investment for me. 24 unit asking 850kConcerns-The area doesn't seem to be the greatest. Although broker claims in the path of progress. -Price per...