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17 December 2024 | 5 replies
It is also better than what I would have received for a comparable lot in other locations.
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17 December 2024 | 8 replies
While many of these issues are important considerations and should not be ignored or overlooked, there are other more crucial criteria that you must question and evaluate first.The critical risk criteria that you must review and evaluate prior to making your final decision on which 1031 Exchange Qualified Intermediary to retain includes, but is not limited to, the following areas:Technical capability of the 1031 Exchange Qualified IntermediaryInternal processes and audit controls to safeguard your 1031 Exchange funds and assetsUse of Qualified Trust Accounts or Qualified Escrow AccountsDecision criteria and guidelines for investment of your 1031 Exchange fundsProtection from potential errors or omissions by the Qualified Intermediary (E&O Insurance) Protection from potential theft or embezzlement of 1031 Exchange funds (Fidelity Bond) An experienced and professional 1031 Exchange Qualified Intermediary will understand these concerns and should be happy to discuss these crucial issues with you.
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15 December 2024 | 3 replies
It also depends how nice it is compared to the other options out there.
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17 December 2024 | 15 replies
See if you have any pics prior.
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11 December 2024 | 5 replies
The sellers have not been responsive when asked to provide that information, which is why I was wondering if it's a typical practice prior to submitting an offer.
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16 December 2024 | 14 replies
I see a lot of LL compare their old unit that hasn't been remodeled in 15 years and has delayed maintenance to some newer units.... they create a vacancy but jumping to what they see as market and that vacancy and remodel costs them tons of $$ that takes YEARS to catch up on with that jump to market.
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14 December 2024 | 12 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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13 December 2024 | 35 replies
I am assuming that these expenses should be factored into your budget prior to calculating your cash flow.
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22 December 2024 | 24 replies
I know all my investment mortgages prior to 08 were 6.5 to 7.5 % and that was fine.
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15 December 2024 | 18 replies
Most lenders will not loan to you if you have no prior mortgage.