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Results (10,000+)
Michael Plaks Explained: How CPAs charge you (and why)
27 August 2024 | 13 replies
Please point me to the right direction of either I just keep going solo until I have a few more properties, or as starting if I am a good case for the right service from a CPA.Business current status/goal:2022 currently establishing Whole Sale Marketing and Real Estate services, I would like to:-Creating anonymous LLC (Florida double LLC) to hold rental properties-If this anonymous LLC can also be our holding company structure that CPA see beneficial for us.
Brad Birky Buyers can't get financing due to zoning
27 August 2024 | 12 replies
Here are the Fannie Mae guidelines for legally non-conforming properties:If the Property's characteristics are legally non-conforming, you must:ensure the Borrower executes the Modifications to Multifamily Loan and Security Agreement (Legal Non-Conforming Status) (Form 6275);confirm whether, if fully or partially destroyed, the Property's Improvements can be fully rebuilt to the pre-casualty condition per current laws, zoning requirements, and building codes; and if the Property’s Improvements cannot be fully rebuilt to the pre-casualty condition, evaluate if the as-rebuilt Property will support the Mortgage Loan at the current Tier, and document your analysis in the Transaction Approval Memo.To assess the Borrower's ability to rebuild Improvements on a non-conforming Property to a level that will support the Mortgage Loan at the current Tier, you should consider: conducting a threshold analysis to determine the resulting actual amortizing DSCR if the reconstructed Improvements cannot be rebuilt as-is per current law; the likelihood of a casualty event (e.g., wind, earthquake, fire, flood, mine subsidence, etc.); the percentage of damage to the Improvements at which the Property’s jurisdiction will require the Property be rebuilt to current zoning and land use requirements (i.e., the destruction threshold); which Property characteristics the destruction threshold percentage applies to, such as market value, assessed value, replacement cost, or unit count; for Properties with multiple buildings, if the destruction threshold percentage applies to each building, or all buildings as a whole; the replacement cost to rebuild per current requirements for zoning, and land use; the Property’s continued marketability, and economic viability; the amount and type of Borrower-maintained insurance coverage required per Part II, Chapter 5: Property and Liability Insurance, Section 501.02C: Ordinance or Law Insurance; insurance loss proceeds payout, compared to increased rebuilding costs, including from building code changes, Americans with Disabilities Act compliance, and the municipality's local zoning requirements (e.g., green compliance for new buildings, etc.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.
Jim Stoffey Joint Venture - Is this a Scam?
1 September 2024 | 79 replies
It does seem like a great way for you get out of that "employee" status in your business so you can scale.  
Alec Santiago Poconos Short-Term Rentals
25 August 2024 | 0 replies
Would your design choices change based on the number of guests you’re hosting?
David Butler Real Estate Rookie podcast episode 449 feedback
27 August 2024 | 6 replies
Again, my post is less about the guest and much more about why BP would even get in the radius of this and open themselves up to criticism. 
Amber Seel How to pull equity out of a paid off property
26 August 2024 | 8 replies
To get into compliance, if it is even possible, you will need to speak to the city planning department to see if the property is eligible for rezoning, a special use permit, a guest quarters, or an ADU.
Account Closed is Renatus the Real Deal or a Scam?
30 August 2024 | 70 replies
BBB doesn't take complaints down, they keep it up along with the status and resolution.
Chuck E. Tenant Complains AC Not Cooling to 68 degrees, Outside Is 114 degrees
26 August 2024 | 44 replies
Won an Olympic gold medal but has to sleep outside at a park in Paris because it's too hot in the Olympic Village accommodations.
Sanjeev Advani Global Real Estate Developments: Key Updates from Denmark, Ireland, France, and Beyon
26 August 2024 | 0 replies
This rapid lease-up highlights the strong demand for quality office space in the region.Germany: Alstria Office REIT Faces Pressure to Maintain REIT StatusAlstria Office REIT, owned by Brookfield, must increase its public float from 4.6% to 15% to retain its REIT status.