So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
Wondering what kind of form/estimate sheet you all give your contractor?I've completed various renos, usually on the smaller side <40k and always used an excel spreadsheet with what is to be done, kind of broken do...
Good morning everyone,
I’ve spent the better half of the last year busting my tail to gut and rehab my single family home (first home purchase). I did this while working for a demanding family business, and gaining m...
So I recently acquired a triplex on an FHA loan, and I am planning to remodel the unit where I will be occupying. I received three quotes for my remodeling project, but I am having a bit of a tough time trying to deci...
I see that there are a million companies buying Land Contract notes. What is the standard percentage they pay? Based on the following, $30k note(balance) with 8% on a 10 year note.
I'm looking at a deal where the seller is anxious to sell a 38 unit apartment complex. They bought it for cash in 2005 for $1,675,000. Here are the current numbers.Asking Price $1,411,000. The normal Cap Rate for the ...
This has now happened 3 times in my primary residence.
I find a puddle on my basement floor, look up and a copper pipe is dripping very slowly from the middle of a length of pipe, its not at a joint, and the...
Hello All,
Hope you are doing well. My house in houston had roof damage due to hail and strom damage. I have already identify the roofer and he helped me with the whole process of getting claim approved. I am replaci...
Happy Monday everyone! So, I've had this chip on my shoulder for awhile about appraisals...and it's something I realize I have to accept but wanted to reach out for a discussion with other investors and get your take...
Hi all,I am in the process of purchasing an 1100 SF house. The house currently has a fuse panel and outdated wiring. We will be changing the layout so, figured we will upgrade all the electrical while we are at. I ...