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16 October 2024 | 12 replies
The way I do it is go to the property records for the county online find the owner's info and then Google search their phone number.
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16 October 2024 | 4 replies
Make sure to thoroughly review the reports, including eviction history and criminal records, to protect your investment.
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15 October 2024 | 2 replies
I believe I still have his contact information in my records.
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17 October 2024 | 16 replies
Make sure you choose one with experience and a strong track record.
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16 October 2024 | 3 replies
I have looked on propstream to find some multifamilies in my area and plan on going to the courthouse to get eviction records.
16 October 2024 | 11 replies
IMO a bigger red flag would be poor record keeping on expenses and other documentation that would indicate property condition.Anyway, you're ultimately purchasing the income stream that *you* can achieve, not what the seller achieved.
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17 October 2024 | 5 replies
If you think this is too much to handle by yourself, you'll still be better off spending your money on a digital marketing agency with a proven record, or a content strategist.
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16 October 2024 | 7 replies
The cost basis includes:Purchase Price: The amount you paid for the property.Renovation Costs: Add the cost of improvements and remodels that significantly enhance the property's value.Closing Costs: Certain closing costs related to acquiring the property (like title fees) can be added to the basis.You will then allocate the total cost basis between the land (which isn't depreciable) and the building (which is depreciable over 27.5 years for residential properties).If you're unsure about how to allocate between land and building, you can use the allocation percentage from your property tax records or get an appraisal.This post does not create a CPA-Client relationship.
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16 October 2024 | 2 replies
The likely market rent in this area is as low as $995 and probably no higher than $1195 and a lot of the rent will depend on condition of the property.Pull up public records on the home, and you will see it initially sold in 98 for roughly 50k.
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17 October 2024 | 12 replies
Start a public records inquiry at the local/county level.