Tiffany Da Silva
Advice needed on real estate LLC business banking & Organization
21 November 2024 | 6 replies
You should also have a conversation with your tax accountant about your bank account setup.
Chris Kittle
Questions to ask on an 8-plex
17 November 2024 | 33 replies
things missing in your list (everyone manages differently, so take it with a grain of salt)Vacancy rateTurn overbad debt legal fees (evictions as needed)accounting fees for professional tax prepmaintenanceProperty TaxesSales Tax on PM fees (In NM, this is charged, not sure about where you are)Reserves for replacement CAPEX - furnace, water heaters, ac, roof, parking lot, etc.Admin, software, advertising, etc.Cost segregation study for accelerated depreciation captureAs for your loan.
Jay Hurst
What goes into cash to close? What are closing costs and what are pre-paid items?
22 November 2024 | 1 reply
Prepaid items are comprised of property taxes and insurance and prepaid interest.Property taxes and homeowners’ insurance will depend on whether or not you have an escrow account, when you are closing, and when those items are due.
Jon Ful
Cost Segregation (San Diego, CA)
17 November 2024 | 9 replies
Based on the value of a property you can likely get away with a inexpensive desk top study such as condos and you will require a more comprehensive engineering study for larger properties like a 4plex.Desktop / modeling options are sometimes good for smaller residential like you mention.
Ben Polansky
Maximizing Real Estate Professional Status
18 November 2024 | 5 replies
This year is the first year I will qualify as a real estate professional and be able to take some aggressive deductions through things like cost segregation studies.
Matthew Hull
Hard Money at Closing - What happens next?
23 November 2024 | 3 replies
Does it go down like a traditional mortgage (funds requested at closing, checks written, etc), or do they hand over the funds to your account beforehand so you can put the money up as if it is cash?
Hamed Rahimi
What are the best property management software/tools you use?
25 November 2024 | 12 replies
Once you have a short list, get an account with each one and run them through the wringer to see how they really function.
Vivan Bhalla
RentToRetirement.com Review - Beware of this scam
16 December 2024 | 43 replies
I was planning on reaching out to them but that’s a good pointer to take into account.
Vanessa Lule
Newbie in Rental Arbitrage –How do I Analyzing Profit Potential?
19 November 2024 | 14 replies
Pick up as many as you can and study their rates vs. their occupancy rate.
Chris Rager
Central PA Real Estate Attorney
25 November 2024 | 12 replies
I'm also considering Legal Zoom for the LLC portion -- and I understand they may also be able to assist with the operating agreement.I'd also welcome any recommendations on accountants too.