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13 January 2025 | 5 replies
Your clients should focus on properties with significant equity potential and work with experienced contractors to stay within budget and timeline—especially with borrowed funds on the line.Avoiding Bad Deals - Encourage them to work with experienced agents, contractors, or mentors and always run multiple scenarios, including worst-case outcomes, to stress-test their numbers.Reserves - Advise your clients to keep a reserve fund separate from their loan for emergencies, unexpected expenses, or delays.
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14 January 2025 | 4 replies
Exceptions include delays caused by factors outside the Subcontractor’s control (e.g., weather, material delays).5.
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16 January 2025 | 6 replies
Additionally, the estimate for my tax preparation for this year was approximately $1,000 over the cost I paid last year (including the time I paid for them to correct their errors).
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15 January 2025 | 6 replies
Be firm but fair, and don’t hesitate to ask about what’s included—like prep work and trim.
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19 January 2025 | 51 replies
I currently have 7 rentals units ( two three unit properties, an investment condo and a garage space) Currently I accept many forms of payment including Zelle, Venmo and paper checks.
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18 January 2025 | 36 replies
I would notify her in person and in writing (big note on her door) including quoting the clause in the lease where she is responsible, and tell her you will be inspecting to insure the heat remains on, high enough to protect your unit, or she will be breaking the terms of her lease and also liable for any damage done in the downstairs unit as well.
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16 January 2025 | 13 replies
There are a lot more things that occur as part of the contract that would be included including valuations for each parcel, specific tax consequences, proffers offered to the city etc.
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17 January 2025 | 11 replies
During your analysis did you include a percentage amount for vacancy, maintenance, and cap x?
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7 January 2025 | 19 replies
I don't really want to invest in a D-class area.Tangentially, what are some of your "it's time to sell this property" red lines when it comes to the changing economic conditions of an area?
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12 January 2025 | 28 replies
Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report. hmm, that website is a 404 error.