
10 September 2024 | 29 replies
As far as your question, you capitalize all expenses and whatever date the property is sold is when the profit or loss is realized.

9 September 2024 | 23 replies
Every time I enter into an agreement to purchase I have the following: Exclusive irrevocable possession and occupancy shall be delivered to Buyer, Buyer’s Assignees, or Buyer’s Agents at 5:00 PM on the date this agreement is signed by Seller, on the date of Close of Escrow, on ________________, 20______ or no later than ___________ days after Close of Escrow.I have collected my fair share of cash for keys in SS where the lender tries playing God.

9 September 2024 | 7 replies
Just make sure they won’t place a lien on your company.Equity Partner: Consider bringing in an equity partner to help with the $300K down payment in exchange for a share of the property.Renegotiate Terms: Try to renegotiate the closing date or lower the down payment amount.

9 September 2024 | 9 replies
How difficult is it to transfer properties under my name to an LLC at a future date?

7 September 2024 | 2 replies
One of the largest growing buyer pool demographics is unrelated/unmarried "couples" (that are not dating).

4 September 2024 | 2 replies
One of the worst conditions we've bought properties in recently.
The seller’s sister reached out to us, desperate for help. The owner had been living in these conditions for a long time due to mental health issues.
...

9 September 2024 | 14 replies
STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.

6 September 2024 | 3 replies
Subject-to deal: Cash required: $35k + 295k existing mortgage + 5k in misc = $335k for a 350k 2021 house.Pros202135k needed3% int. rateGood schoolsGood location CONS$145/m in HOACashflow is tightMortgage InfoLast Recording Date 10/6/2021Loan Type CONVENTIONALOriginal Loan Amount $319,105Loan Term 361 MonthsEst.

10 September 2024 | 43 replies
A LL and tenant have a lease agreement with an agreed upon date.

7 September 2024 | 0 replies
This reduces errors and ensures that your financial data is accurate and up-to-date.4.