Shannon F.
New to MTR
15 July 2024 | 4 replies
I have included a BiggerPockets article outlining BRRRRs and navigating leverage to scale your portfolio below.
Mario Broughton
How to tap the equity in a house thats inside a revocable trust?
15 July 2024 | 3 replies
I have linked a BiggerPockets article that goes over this method highl level.
Matthew (Mateo) McDaniel
NEW to the BRRRR method! Where to start with private money or hard money lenders?
15 July 2024 | 9 replies
Check out this BP article on BRRRRs and how DSCRs come into play for the refi portion.
Marina OLeary
How to Vet a hard money lender when investing my money
14 July 2024 | 11 replies
Request data on default rates and how they handle defaults.Check Licensing and Regulation:Ensure the firm is properly licensed and regulated by the appropriate state or federal authorities.Confirm their compliance with all relevant lending laws and regulations.Assess Financial Stability:Review the firm’s financial statements and balance sheets.
Hansel Gunawan
Convince me! Why should I invest in Columbus, OH?
16 July 2024 | 17 replies
Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs. https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-careHere are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.
Garfield M.
Chicago ADU ordinance citywide filing
14 July 2024 | 6 replies
Here's a useful article about most of the changes.https://www.chicagocityscape.com/blog/chicago-appears-to-be-in-the-home-stretch-for-citywide-adu-expansion-8bfd8b2bc8
Account Closed
What is it like to be an out-of-state investor?
19 July 2024 | 58 replies
Read this article on the "core 4".
Henry Lazerow
The new NAR rules have actually made buyer agent commissions go up not down
19 July 2024 | 100 replies
Regarding a listing agent showing a property to an unrepped buyer and potentially triggering what is called "implied agency": this is when an agent performs agency duties for a principle (buyer in this case) who they don't have a written agency agreement with, and establishes an agency relationship through their actions: https://www.prepagent.com/article/creating-agency-relationsh...Hope that helps!
Evelyn Guo
K1 loss tax report for non-resident state (NC)
13 July 2024 | 10 replies
Based on reading relevant state tax instructions, tax code, feedback from other investors and CPA's, I'm tracking unallowed passive losses at the state level for states which otherwise do not require unallowed passive losses to be filed on state returns or for which they are not disallowed.
Tammy Richards
For multi-unit deals, how do you estimate CapEx and maintenance?
14 July 2024 | 7 replies
I then divided the amount per item by the number of months of life left in them to get a CAPEX cost per month.I recently read an article by Brandon Turner on why sub-$30K houses will never make you money and he had put together a similar analysis on projected costs.Cheers,Helen