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11 December 2024 | 2 replies
Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.
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19 December 2024 | 4 replies
We help our clients:1) Find a fixer-upper to buy2) We get bids3) Negotiate a Scope Of Work with the owner using "Maintain to the Neighborhood" to avoid over-improving, but understanding we will have to pass city Rental Inspection to avoid being a slumlord.4) Provide multiple jobsite videos to show progress and document WHAT was done and the QUALITY.5) Handle passing city Rental Inspection6) Find a tenant with a Replacement Guarantee per Class7) Assist with refinance, so client can repeatSo, why you looking OOS again?
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7 December 2024 | 5 replies
If you fully understand the process, the potential for profit can be considerable but if you do not, it can be bad - real bad.
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24 December 2024 | 17 replies
@Matt Wan In my opinion, there is never a bad time to buy the right investment property.
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25 December 2024 | 5 replies
If you do not have liquidity keeping money liquid in stocks has value, whereas if you do not need the liquidity then yes recasting the mortgage may not be a bad idea.
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11 January 2025 | 19 replies
On paper they were amazing deals, in reality they sucked so badly I went into self storage instead.
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23 December 2024 | 24 replies
Hey @Brody VeilleuxLets first dismiss some really bad info that was stated by others:Please, do NOT tell a hard money lender you are buying an investment property and then move into it!
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22 December 2024 | 8 replies
I do tend to be someone who ask questions and only wants to hear what they want to hear, but at the same time if it's a bad idea.
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3 January 2025 | 42 replies
But I'm not sure what would bring rents or housing prices down significantly other than the usual - a big bad recession.
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24 December 2024 | 6 replies
I am really inspired by people who a take something that 95% of other investors would pass on and make it work exclusively for them through sheer will and creativity even with bad market conditions.