Karin Levi
Checklist & Strategy for Furnishing a Seasonal Rental
7 September 2024 | 4 replies
I have an unfurnished property in Florida that needs to be furnished and ready to go for seasonal rentals for 3-9 month rental periods.
Michael Gonda
What to do with $3 million in equity
9 September 2024 | 52 replies
With interest rates as they are, and knowing they are probably going to start dropping over the next few quarters, is it best to wait on any kind of finance for a year'ish or are the rates not going to come down enough over that period to make a huge difference?
Sam Kay
Multiple Recurrent Leaks - Need advice on pivot strategies.
9 September 2024 | 14 replies
STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.
Morgan Gutierrez
legal timeline for updating investors
7 September 2024 | 10 replies
It's always best practice to keep investors informed of all relevant information related to their investment (good or bad), both before they invest and during the period of ownership of the investment.
Nathan Gesner
What Do You Think About "Good Cause" Evictions?
10 September 2024 | 43 replies
If I own the property, your rights to occupy it should be limited to the legal lease that you signed, period.
Andrew C.
what do you use to track FixedAssets for depreciation/amortization?
9 September 2024 | 12 replies
When we buy a roof they see the expense in our income/expense data from Yardi and make the appropriate deduction to depreciate it over the correct time period for that filing year.
Brian Davis
Adding Solar to a Buy and Hold
7 September 2024 | 6 replies
I am interested in getting these loans to put solar in, taking the tax credit and deductions up front, and then paying back the loan over a 20 year period.
Anthony Vaudo
When to ask for P&L, tenant ledgers, etc.
5 September 2024 | 2 replies
Is it (a) pre-offer (b) after an accepted offer but before contract signing (c) after contract signing during a due diligence period?
Michael Belz
What’s your take on SRO properties?
6 September 2024 | 4 replies
The rents are collected weekly instead of monthly, so there are more rental periods each year, but I assume expenses may be higher as well.Does anyone have experience with SRO real estate?
Andrew W.
New Construction Owner Builder - Construction Loan
7 September 2024 | 11 replies
Most states with a license requirement forbid the subsequent sale or rental of an owner build for some period of time.