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11 December 2024 | 8 replies
Hard money and standard loans (Conv, DSCR) are unlikely to be available for deals under $75k.
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14 December 2024 | 13 replies
To provide a practical example, I acquired a 60,000 SF assemblage that contained an autobody garage, nearly an acre of surface parking and a 4 unit building in Philadelphia.
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9 December 2024 | 12 replies
As stated in this thread, I believe BL does not let you keep your data if you leave the platform which is not good business practice, IMO.
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11 December 2024 | 10 replies
If you have a good insurance broker, you should be able to use a more standard policy though.
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8 December 2024 | 8 replies
What's common practice?
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11 December 2024 | 16 replies
STR standard depreciation is 39 years @Andy Lanyi@Jonathan Cooper even if you take Bonus Depreciation as @Basit Siddiqi highlighted the remainder 40% will be prorated using the Half-year convention or Mid-quarter convention used in line with what you read in IRS Pub 946
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12 December 2024 | 17 replies
I want to know the best practices for splitting utilities.
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15 December 2024 | 9 replies
Simple standard sales process."
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9 December 2024 | 24 replies
And by DSCR loan, I'm thinking standard 30-year DSCR loan.
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16 December 2024 | 21 replies
The painting should be completed within three months of the move-in date, and the Lessor will inspect the work to confirm it meets these standards.”This implies that the LL gets to determine that the paint job meets his quality expectation.”Per the mutual agreement between the Lessor and the Tenant, the Lessor has agreed to reduce the monthly rent from $3,200 to $3,100, allowing the Tenant to repaint portions of the house at their own expense.”this is not as clear as it could be, but could be interpreted that the rent is $3200 if the tenant does not paint the areas that the LL specifies to the quality that meets the LL quality expectations.