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27 September 2024 | 44 replies
If you moved forward with RLS, curious to know what your experience has been - the good, the bad and the ugly and/or if clients of yours have had any feedback about them as noted by @Michael Plaks.Thanks so much and happy to share any updates I receive.
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24 September 2024 | 2 replies
You can keep the same entity to conduct real estate transactions but it’s important to update to the operation agreement before doing so.
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25 September 2024 | 6 replies
Many syndications will have special days or events for investors to visit the property to see how things are running, see improvements, ask questions, etc.I invested in a syndication last year and have been invited to several events already, plus they give regular updates on improvements and performance.
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25 September 2024 | 9 replies
If not, I recommend commissioning one and only taking their counsel on tax-specific questions.I have a list I keep updated and recommend through our REI bookkeeping firm if you don't currently have one.They can walk you through exactly what you can and cannot write off during these trips and what you need to document in order to write things off.It's not necessarily a simple "yes" or "no".
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25 September 2024 | 4 replies
Curious how the next shipments have gone and if you have any updates on Legacy.
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25 September 2024 | 7 replies
If they wanted to pay for the updates and agreed to restore the property to its original condition (if you wanted them to) after they left, you would need to allow it.
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25 September 2024 | 7 replies
I'll just add, that if you've done these types of deals or similar deals before, having accurate and up-to-date financials (aka bookkeeping records) for those previous deals to be able to analyze the numbers would be a great tool to use to make informed decisions about future deals.And, even if you haven't done deals like this before, keeping updated financials for the deal you're doing is going to be huge as you're making decisions throughout the rehab.We call these data-driven decisions.
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23 September 2024 | 2 replies
I have a need for an updated lease that includes the changes to Colorado law last year.
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24 September 2024 | 7 replies
Comp-sets & Pricing: Update your weekly and monthly discounts to match be competitive with the markets.