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22 July 2024 | 1 reply
Only choose one or two investment strategies to implement and learn as much as you can about them (picking multiple strategies will only lead to analysis paralysis and cause headaches, which will likely lead to no action taken).
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23 July 2024 | 15 replies
You don’t want to get caught below market when your city/state decides to implement rent control mid-lease and trap you below market forever. 4) I’ve never raised rent less than $25 (already at or above market.) or $50-100 (5%) if even slightly below market.
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22 July 2024 | 1 reply
Can someone please shed some light on this?
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24 July 2024 | 26 replies
So add in your appliances, light fixtures and anything else you plan on buying for the project and run it through the bid room altogether for the deepest discount.Best of luck!
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22 July 2024 | 9 replies
I used to work for a large regional bank and I don’t recall us ever implementing this option.
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22 July 2024 | 9 replies
Typically speaking a 2 bedroom will bring in more if all other metrics are the same (i.e. location and amenities).In saturated and competitive markets I really do not like 1 bedroom or even 2 bedrooms as the barrier to entry is low and you will always have a lot of competition, and you are even competing with hotels at that point.Also building HOA's are scary, and Florida implemented the milestone inspection which means special assessments in most cases.Without diving deeper on all the numbers I cannot it will not make sense, but in my experience it will not make sense more times than not and it is risky.
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21 July 2024 | 5 replies
Instead, any alterations would need to be implemented within the existing code.Therefore, unless you're willing to hire me to modify the tool's coding, I wouldn't be able to assist in updating the code to suit your needs.
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21 July 2024 | 10 replies
Similar green energy investments could be considered if you can make the numbers work (credits on some types of low income housing can be north of 50%).Depending on how long these properties have been held, they could consider implementing cost segregation studies via a change in accounting method to accelerate some depreciation.The operating proceeds could be re-deployed into new properties where cost segregation is an option to accelerate depreciation to offset proceeds.If the properties are low basis and we are not maximizing the 199A deduction, maybe considering an S-Corp structure for management to be able to participate in retirement plans and also generate wages to use as a 199A base.
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22 July 2024 | 4 replies
As long as everything works (lights, plumbing, etc.) and there are no hazards (like an open ground) the big things are peeling paint (particularly on window sills) and smoke detectors.
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22 July 2024 | 120 replies
HUD doesn't have the ability to implement rent control anywhere other than government owned or specific government financed housing.