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20 November 2024 | 18 replies
I've heard that you might need a hard wired fire alarm system, but haven't heard of needing a supression system, I thought that was only for commercial buildings or restaurants, but I think I will fill out an application for variance and see where it goes?
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19 November 2024 | 8 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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19 November 2024 | 7 replies
Fix it properly, then rent it out to a highly qualified applicant.
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20 November 2024 | 19 replies
As you read these books, watch the BiggerPockets podcasts.
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18 November 2024 | 15 replies
What should I watch out for, and is there a significant advantage to choosing an EA over a CPA?
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25 November 2024 | 19 replies
Be very clear that they must transfer the deposit along with a complete set of tenant records (application, lease, payment ledger, etc.).
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20 November 2024 | 23 replies
For us, screening takes place from the time we (someone from the office) speaks to the potential tenant, through the showing, and the application process.
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19 November 2024 | 11 replies
One thing to watch out for... it is a tax, but not an income tax (so it applies to Roth accounts as well).
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19 November 2024 | 6 replies
But most importantly, they do not need to be paid back.Funding Sources:Local Government/MunicipalitiesState GovernmentPrivate FoundationsFederal GovernmentFamily OfficesCorporationsWhen applying for a grant, ensure you have an understanding of the details such as eligibility, your project readiness, the purpose, funding amount, areas of funding, limitations and deadlines for the application.The prime candidates for a grant are 1) those developing a real estate project or physical space, 2) scaled non-profits and 3) certified non-minority owned businesses.Ensure you are able to provide the following documents before applying for the grant:Show site control through documentationA project description or business planConceptual drawings or renderings of the physical spaceProfessionally prepared budgets for the company and projectWhat does the grant application process look like?
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20 November 2024 | 15 replies
I would always suggest a camera scope, plus termite inspection where applicable.