Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
3 February 2025 | 79 replies
Or you can try James' approach to sell before the significant cap ex items but I suspect you will be selling at a price that reflects the impending coming expenses.It is my belief that you have never calculated out your sustained maintenance/cap ex costs and truly believe this has positive cash flow.I am trying to provide some insight as to your view and to your situation.
Becca Pariser
Who is responsible for back mortgage after paperwork is signed?
10 January 2025 | 3 replies
Assuming it wasn't addressed in your PSA specifically then it likely should be them, but the reality is it is likely you.
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
31 December 2024 | 22 replies
There are a high number of CPA firms that do not want to get involved outside of the FYI to their clients, and some state boards are saying that a CPA advising related to this registration is an "unlicensed practice of law" given it is not under Title 26 - income taxes - the only place where CPAs and EAs are specifically authorized to interpret law.
David Sam
Cost segregation study recommendations
26 December 2024 | 7 replies
Be sure to consult with your CPA to determine if you can utilize these deductions based on your specific tax situation.
Anade Davis
Looking to connect with General Contractors in Beaumont and Port Arthur Area
4 January 2025 | 2 replies
It’s also worth verifying if Beaumont and Port Arthur have any specific contractor registration or insurance requirements, as local compliance can sometimes impact project timelines.
Kyle Carter
Ohio Legal Considerations for Rentals
3 January 2025 | 2 replies
Hi Kyle, I would recommend chatting with a property manager in the specific city of Ohio you're looking to buy in.
Monish Anand
How to find the best Real Estate Agent
10 January 2025 | 13 replies
A good PM can refer you to top sales agents in the market, they can tell you what type of rentals are in demand, they can tell you which areas are best for investments, and they can cross-check what the sales agent tells you about specific properties.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.
Garrett Brown
What is your biggest struggle in the STR world right now?
26 January 2025 | 48 replies
It is hard to stay calm and always be hospitable when dealing with guests in so many different situations.
Anderson S.
Stop Overpaying Taxes! 5 Insider Tips for Real Estate Investors
10 January 2025 | 2 replies
Their expertise can often pay for itself in the form of reduced taxes and increased savings.Takeaway: Look for professionals with experience in your specific market for tailored advice.By implementing these strategies, you’ll not only reduce your tax burden but also set yourself up for long-term success as a real estate investor!
Ryan Dubendorfer
tenant request for lease addendum
3 January 2025 | 4 replies
For all you know it a violent situation and she could get a judge’s order and you pry couldn’t/shouldn’t charge then.