Noah Laker
Opening a Sober Living Facility
15 January 2025 | 4 replies
@Noah Laker Will you be running the house or leasing it to a company.
Christi Wolverton
Credit card payments declined
16 January 2025 | 6 replies
It's a short term lease.
Stephanie Menard
Expensive lesson by leaving one clause out of rental agreement
16 January 2025 | 40 replies
Not one lease in the entire country says a tenant can’t take the appliances when they leave, even long term leases.
Colin Ford
BRRR long term buy and old for STR or long term rentals
12 January 2025 | 12 replies
if you're in St Pete frequently you'll need to turn some of those vacation trips into work trips - networking, building a team, and trying to find a distressed property.but the trick is then going to be moving quickly if either 1) a distressed property hits the MLS (unusual, but not unheard of) or 2) a distressed property comes to you another way (from your network, from a wholesaler.)how you will move quickly enough to lock it down and buy it, if you're in RI?
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
Paloma Wodehouse
High Priced First Buy
8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
Allende Hernandez
Do you run screening in all the potential tenants?
11 January 2025 | 15 replies
So, all parties over 18 need to sign the lease.If they are going to sign the lease, why wouldn't you screen them?
John Fleming
Property Management Reccomendation
14 January 2025 | 3 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
Leah Miller
Bank Won't Close Due to FEMA Disaster Designation
14 January 2025 | 15 replies
We’re not used to seeing emergency declarations as frequently as they do in Florida.Our borrower is a local rehabber with a property scheduled to be funded today and close tomorrow.
David Martoyan
Rethinking ARV: Creative Approaches to Finding Deals in Today's Market
24 December 2024 | 4 replies
Yes, there are times they do win and make money, but not on a frequent bases in my experience.