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26 August 2024 | 10 replies
They claim a 35% fee on the first year's savings, only if they save you money.Also, I received from my mortgage company an email from "Incenter Tax Solutions" who claim to be a nationwide property tax petition and monitoring service.
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27 August 2024 | 7 replies
Expect to put 30-40% down on the property and then consult a self-directed IRA specialist to make sure you understand all the nuances of how to manage the property and pay for repairs.
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25 August 2024 | 8 replies
I am installing a security camera on the northwest corner of the garage to monitor the garage door and part of the common area where a criminal is most likely to approach the building.
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26 August 2024 | 20 replies
Avoid over-leveraging, have a clear exit strategy, and consult with a real estate agent, attorney and tax professional.Good luck!
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26 August 2024 | 14 replies
You should do this at least once a month and always monitor the market's movement.If the current tenant is really good and you want to keep them, offer them a renewal with an increase 5-10% below market.
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26 August 2024 | 18 replies
I am not beeping harsh as she requested additional eyes which was good and she was receptive to inputs… I consulted on one today that had 95% LTV OO but no PMI, 2% vacancy as self managed including delinquent rent and tenant turnover, a maintenance/cap ex that was based on percentage but was a quad and her allocation was ~50% of my estimate, and no PM even though she intends to move away in a year or so.
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26 August 2024 | 13 replies
It is recommended that a competent attorney be consulted in any case where legal questions or concerns arise.
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26 August 2024 | 8 replies
Consulting with an accountant who is focused on real estate can help you make the right choice here
26 August 2024 | 16 replies
Even they need monitored from time to time.As least you own and control the asset, can sell whenever you want and you won't get any capital calls other than your turnkey provider calling you to buy another one lolMuch success
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26 August 2024 | 9 replies
Just echoing others here to encourage you to seek legal consultation.