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17 January 2025 | 3 replies
@Noah Laker Your client should sell the property under her sole ownership without adding the ex-partner to the title, as this could trigger gift tax implications and complicate the process.
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10 January 2025 | 13 replies
Sellers rarely mind the low deposit and extended closing period due to the nature of the property, or at least they can be made aware of the fact that their lot has issues that will take MY time and MY money to solve and then they come around.My terms on the flip are: Minimum 10K spread between purchase and flip value. 1-2K deposit upfront to hold the property for 7 days then the deposit becomes non-refundable after the 7th day and the buyer has the same amount of time that I originally negotiated with seller typically 8-12 months(its a purchase contract but because of contingencies its essentially an option).
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23 January 2025 | 9 replies
But I strongly urge anyone to always get Aldermanic support before proceeding because it makes life--and the entire project / process--a whole lot easier. :)IN SUM: Based on what you've shared, it sounds like you won't need to rezone if you just want to build a duplex.
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10 January 2025 | 16 replies
These costs for most of the individuals are considered personal in nature (unless you have a RE portfolio that is run like a business; see below).
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19 January 2025 | 47 replies
.- The whole process is simplified—no co-ownership legal headaches.I’m curious about the pros and cons of something like this.
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5 January 2025 | 39 replies
Now my first property currently has a tenant that is not paying rent, so we started the eviction process.
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19 January 2025 | 17 replies
Your screening is limited to ONLY what RentRedi thinks should be part of the screening process, and rent payments...well, you will be reported to the IRS for the fees RentRedi charges..and RentRedi will not give you their W9 to write those off as an expense.
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8 February 2025 | 49 replies
By repeating this process, you can scale your portfolio while working toward your desired monthly income goals.
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16 January 2025 | 11 replies
We manage between 80 and 100 listings it varies winter to summer but the processing of manually Remitting and paying out the property taxes takes much longer than 10 min.
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13 January 2025 | 11 replies
It's such an exciting part of the process!