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2 August 2024 | 3 replies
Look for clauses related to payment schedules, reconstruction, and dispute resolution.
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3 August 2024 | 28 replies
I agree with @Michael Plaks that the pricing should be discussed prior to the start of the engagement.My firm does not like the hourly invoice method because I find it can potentially cause anxiety to clients who may not know the final price.if you were a nice client and paid an hourly fee, maybe there was a lot of time towards 'setting' you up as a client(inputting your properties, prior year carryforwards, depreciation schedule, etc) which won't be a cost for you going forward.Best of luck.
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2 August 2024 | 4 replies
Myth: getting your license gives you more knowledge of how RE worksFact: You might learn some things from the course but most of it is learned from your broker/experience Pros: Access to MLS, schedule appointments on your own, keep part of the commission on your own dealsCons: you must pay dues, fees, access to MLS, navigating your own transaction might be stressful first few times aroundIf you want to learn, take a few clients out, buy or help a client buy/sell at least 1 home per year it is 100% worth it.
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29 July 2024 | 9 replies
The plan is to cease the STR next year and switch to a MTR and thus, I would then report that property on Schedule E.My other property, which was also recently acquired, is already a MTR, and I would need to report it on Schedule E.So my question is: can I report one property on SCH E and the other on SCH C even though they are both owned by one LLC?
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2 August 2024 | 10 replies
Payment is $450 cheaper ($4400 PITI v $3990 PITI).This is a house hack where the tenant is paying $2100 in Y1 with rent scheduled to increase to $2200.This HH is on a VA loan and I’d like to refi into a conventional loan eventually to reuse my benefits.
1 August 2024 | 2 replies
@Brandt Thompson...assuming you're going conventional financing, and you're truly going to rent the property, just make sure you get a lease agreement signed and if you can't get a deposit, have a 1007/rent schedule done that will back up the lease, and you should be given 75% of the lease to offset the PITIA.
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1 August 2024 | 5 replies
I try to be respectful of the tenant's schedule, but I also try to minimize the unit's downtime.
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4 August 2024 | 37 replies
Tenant schedules directly and items get addressed quickly.
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31 July 2024 | 3 replies
The lease has to be supported by rent schedule on appraisal, and not a lot of million dollar properties are going to pencil out even with the larger down payment requirements, but it could.
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31 July 2024 | 6 replies
I contacted the agent few times to schedule a time for me to go into the property for less than 2 hours, but he never did even he told me he would help me with it.