I am lucky enough to have the house next door to my residence become available at a good price. I have been fixing it up since June. One thing I have noticed is that I am constantly going back to my garage for a too...
What is the standard protocol for paying contractors when doing work on your property? I am a new investor and beginning my first larger scale project. The contractor is requesting 40% pay at the start of the project ...
I would imagine I have to depreciate it... but the bill is separated into materials and labor.Depreciate the materials but expense the labor?Thank you,Arnie
A contractor in my market told me the other day that he uses the following tool to roughly estimate rehab costs before he actually goes and itemizes everything needed on a rehab.$10 sq/ft-carpet, paint, blinds, cosmet...
I self manage a portfolio of 6 units and am wondering about the correct way to account for general expenses that span multiple properties as tax deductions. For example, things like tools or building materials that I ...
I recently discovered mold in one of the rooms in my house had come back, and it's worse than before. I have been doing more research into DIY mold removal, and most people advise using a bleach and water solution. I ...
Purchasing a duplex and need flooring, etc.
I have been in talks with a GC in Georgia and his method of building is: He builds everything at costs and doesn't include any markup or fees, he oversees everything, I only supply funding, and we split 50/50 the prof...
What method do you all use for your GC bids for your flip projects, general overall bid or line item with labor and materials broken out?
Is sandstone a good material to build retaining walls with?...does it last..?