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21 October 2024 | 0 replies
Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.
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25 October 2024 | 66 replies
Atlanta area "pastors" involved in real estate... that's a whole different story in ethics.
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23 October 2024 | 19 replies
House hacking involves specific tax strategies like depreciation, expense allocation, and potential rental income reporting, especially since you’re in a different state from the property.You cannot just claim the house.
21 October 2024 | 1 reply
Unfortunately, the perceived excessive costs involved in purchasing real estate can intimidate aspiring residential real estate investors.
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23 October 2024 | 18 replies
I mean if you get it, it will allow you to retain your investors.As an alternative, you can take the route others suggested:1) Fund of funds2) Partner with others on GP side in an investors' management roleKeep in mind, that both options would require you to have a full understanding of the role and the regulations involved.
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22 October 2024 | 14 replies
However, if you are an investor involved in multiple cities, you might prefer a lender who is licensed in various locations.
24 October 2024 | 18 replies
Elicia Marquardt case involved deliberations about voided leases, attorney fees, and specific legal disclaimers that were left out of the lease contract in question.
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19 October 2024 | 7 replies
Applying for Section 8 housing assistance in Michigan involves several steps.
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21 October 2024 | 14 replies
I set my tenants up on Zillow and they put their info in directly so I don't have to get involved with their bank at all.
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22 October 2024 | 8 replies
Benefit: Weigh the potential tax savings against the time and cost of making the change.Recommendation: Consult a tax professional to evaluate whether the potential benefits outweigh the efforts and costs involved.3.Partial Asset Disposition in TurboTax: Handling Roof Replacements•Understanding Partial Asset Disposition:•When you replace a structural component like a roof, you can write off the remaining undepreciated value of the old roof.