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4 February 2025 | 13 replies
Electing disregarded entity status avoids additional filings while achieving the same tax outcome.This post does not create a CPA-Client relationship.
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7 February 2025 | 7 replies
I currently have a homeowners plan with Allstate and plan on asking them if they have something like a short term rental rider plan that I can add in addition to my current plan.
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6 February 2025 | 0 replies
Additional Considerations:Professional Development: My wife's workin on obtainin real estate professional status.Education: I'm considerin pursuing the Certified Commercial Investment Member (CCIM) designation to enhance my knowledge and network in commercial real estate.Request: Any thoughts on the CCIM designation or other groups that could support my growth?
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6 February 2025 | 5 replies
I've seen some people house hack a single family home by renting out the rooms, but keep in mind that traditional lenders would not be able to use the income from renting out the rooms (known as boarder income) towards additional income on the application.
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6 February 2025 | 4 replies
In my experience in MO, land bank properties are very low priced (these are generally properties/parcels that weren't sold at the tax auction), but they often have significant tax liens on them that must be cleared in addition to the "sale price" AND they require a significant amount of rehab in order for the properties to be inhabitable.
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5 February 2025 | 0 replies
The property was in a great market but needed full cosmetic rehab and a basement finish to add an additional bedroom which in return would bring up resale value.
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4 February 2025 | 4 replies
Give them a 60-day notice, then charge them a prorated rent for the additional 20-day extension.
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20 January 2025 | 6 replies
Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.
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1 February 2025 | 22 replies
That leaves an additional market demand of 780 units.
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22 January 2025 | 4 replies
In addition, the gas bills have shut off notices and are not being paid. (3 units are occupied and utilities are all paid by owner).