Cheaper houses are to be had: there was one listed at 65K that according to the blurb,
needed total rehab, and since they said mold, drywall, facia, flooring, hvac, plumbing not working, it might be cheaper / easier to bulldoze and start over.
I'm closing tomorrow on a house that looks exactly as this one, a Victorian house built in 1930, all walls are plaster (I hate it), good structure, but
it needs a total rehab.
If I bought a 3 unit apartment building with a 203k loan that
needs a total rehab, would I be able to write - off the improvements on my taxes as expenses even though they were financed through the 203k loan.
Not exact matches
The bottom line is that the animals that
need it receive veterinary care, and undergo
rehab right there, and over 850
total have been adopted since 2012.
3 vacant units, and other parts of the structure
need about $ 45K in
rehab / improvements, for a
total cost of about $ 430K, to achieve my target rents of $ 5,100 / mo, or about $ 60K / yr.