Evan Price
Possible Small Claims Court Action Considered - Need Previous Tenant's New Address
14 January 2025 | 1 reply
What's the highest success percentage method to find a previous tenant's new address for this?
Juan Perez
Turning a Primary Residence into a Rental
4 February 2025 | 7 replies
For example, two of my goals are to achieve a certain percentage for my IRR (internal rate of return), and a certain % for my cash on cash return.
Paul Stewart
STR Life- Remitting and paying Taxes
16 January 2025 | 11 replies
For example Hospitable has a option for this through there direct bookings payout sections but it is only for specific states.
Jake Faris
LLC creation: any gotchas for this joint venture?
28 January 2025 | 4 replies
So, If I put in $500,000, the total amount of shares rises to $1,500,000 and I own 500,000 shares while my partner still owns $1,000,000. 4) When we sell the property at a profit, the net profit will be distributed based on a percentage of share ownership.
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
Consider defining clear roles, ownership percentages, and responsibilities upfront, and ensure you’re protected if the partnership doesn’t work out.Since you already own properties, it might be worth consulting a CPA who specializes in real estate for advice on tax strategies specific to your situation.
Kathy Fettke
How to go after Growth Equity Group-Brett Immel, Preston Despenas
6 January 2025 | 38 replies
Now he needs to participate in the payout to investors who lost money when the properties they bought through GEG were never renovated, even after they paid for those renovations.I will be contacting the SEC and FTC so they can take care of it.
Ivan Castanon
I need to change strategies. What should I do?
3 February 2025 | 47 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
Luisa Morejon
What to do with the proceeds of the sale of my home?
1 February 2025 | 23 replies
What percentages of businesses in that industry fail annully?
Erick Pena
Advice Needed: Identifying "Good Deals" in Real Estate Investing
20 January 2025 | 14 replies
Make note of some important ratios and percentages such as COC return, IRR, CAP, yearly maintenance vs acquisition price, etc.
Ryan Crowley
Pay off mortgage and snowball?
19 January 2025 | 61 replies
I can't buy gas with a percentage.