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Property management apps
9 September 2024 | 18 replies
If a tenant comes in to pay multiple charges with one payment, my office manager has to get out the pen and pad to figure and place individual payments instead of something similar to Quickbooks where you enter an amount paid and select which invoices you want it to apply to. 3.
Anthony Prilo
How to refinance property out of residential loan into LLC
11 September 2024 | 8 replies
High high level - LLC will typically be an option for DSCR Loans (or bank other types of financing), while conventional will require you to borrow in an individual capacity, but there are pros and cons of each.BRRRR Loans: What Are the Options, and How Do DSCR Loans Stack Up?
Maciej G.
Tenant threatens to sue me for $20 000
15 September 2024 | 61 replies
I think this individual senses that you are new and knows he can get away with talking sht to scare you into doing stuff.
Dustin M.
Title loans on mobile homes
9 September 2024 | 9 replies
Hi,An individual came to me recently looking to borrow $500 and he has a free and clear mobile home.
Ashley Kroft
Buyer Agreement Form
9 September 2024 | 6 replies
AshleyNormal, however you have wide latitude in the actual agreement you agree to sign, how long, how much commission, that’s not to see individual agents have to agree to your terms, but if you feel uncomfortable with the terms you are free to negotiate or shop around, however an agent cannot legally show you a house without an signed agreement of some sort.
Chelsea Schaefer
CPA causing confusion on STR rules - HELP!
9 September 2024 | 8 replies
The maximum special allowance of $25,000 ($12,500 for married individuals filing separate returns and living apart at all times during the year) is reduced by 50% of the amount of your modified adjusted gross income that’s more than $100,000 ($50,000 if you’re married filing separately).
Nathan Gesner
What Do You Think About "Good Cause" Evictions?
10 September 2024 | 43 replies
Each individual one looks scary and increases near-term risk for landlords, but it effectively locks in additional compound growth in the long-term as is ultimately reduces supply and competition.
Vamseedhar Vuppu
Need advice on buying my first rental property
8 September 2024 | 13 replies
I wouldn't be buying in CA.Growing up in the SoCal area, yes the appreciation has been great the past 20 years; but they way the state is headed, people continue to leave.Red tape in California has caused business to evacuate, high net worth individuals are also beginning to exit the state.Food for thought.
Christopher S.
Unlocking Chicago's Community Development Grant Program: A Streamlined Financing Path
4 September 2024 | 4 replies
(If your project is primarily housing or incorporates housing specific funding sources, you will need to apply through the Department of Housing rather than through this program.)The funding sources that a project can receive include the Chicago Recovery Plan (CRP), Housing and Economic Development Bond (HED), Neighborhood Opportunity Fund (NOF), and Tax Increment Financing (TIF) which have all been combined into a single, streamlined grant program with unified rules and regulations.
Andrew Kubik
Transitioning from Corporate World into Property Mgmt
6 September 2024 | 7 replies
I live in the Nashville area, currently work in corporate finance and have my CPA.