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4 November 2024 | 26 replies
Be aware some meetups funnel you to a particular sponsor, some funnel you to a particular mentorship group, and some are actually non-denominational.
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6 November 2024 | 1 reply
Be particularly aware of the rental/leasing policies (e.g. how is the company compensated for leasing?
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9 November 2024 | 17 replies
If you’re considering holding multiple properties, managing cash flow within the account to cover these expenses is crucial.If you convert a Traditional IRA to a Roth IRA, be aware of the tax consequences, as the conversion amount is taxed as ordinary income.
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8 November 2024 | 4 replies
What should I be aware of before proceeding with a partition action?
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12 November 2024 | 17 replies
However, finishing the basement for $25,000 when cash flow is already tight may not offer a sufficient return on investment (ROI) unless you’re confident it will significantly raise occupancy or rates.Pros:Potential to increase the property’s rental appeal and income.DIYing the basement could save on labor costs.Cons:Upfront costs and time investment.The additional space may not increase STR income enough to justify the expense.5.
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7 November 2024 | 10 replies
I will always take care of those who look out for me that’s my mindset and how i was raised.
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8 November 2024 | 53 replies
I am sure that Scott is aware that he should do lots of research before buying an MTR, but if a part of that research can't be posting a potential deal to the forums and getting community input/guidance on how to think about it, what is the BP forum even for?
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6 November 2024 | 1 reply
**CO and Inspections**: Since there’s no CO or inspection requested right after the sale, the township may not become aware of the new ownership until the buyer initiates action, such as applying for a CO after repairs.In summary, while the deed recording updates ownership at the county level, the township may only update its records when triggered by actions like CO applications, tax data updates, or buyer-initiated notifications.
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7 November 2024 | 12 replies
The property manager should provide a copy of the existing lease agreement, rent roll, other related documents, and notify the tenants of a change in management.You should also be aware of any specifics outlined in the lease for your tenant's situation (e.g., pets).How should the contract be handled moving forward?
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7 November 2024 | 4 replies
We generally stay away from California because of regulatory issues.We know who we are and what we are good at: we’re out-of-town but highly engaged real estate investors who know how to pencil deals, structure deals and package deals to raise capital.