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25 November 2024 | 18 replies
Lost rent from vacancy could easily be several thousand...so, by time you add it all up, it's easily possible for a sewer line replacement to end up costing $40k+ if it involves those types of ancillary expenses.To me, spending a few hundred bucks on a scope to prevent a $40k+ capex on a property worth over half a million is one of the easiest choices I make in the world of REI!
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28 November 2024 | 23 replies
If you don't have VAs or don't have other owners involved, it might be all you need.
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20 November 2024 | 9 replies
Albert asked about filing a lawsuit against the tenant, which apparently involves a tenant's complaining of personal injury resultant from being in the unit.
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21 November 2024 | 4 replies
To learn creative financing, you'll want to get involved with your local REIAs, listen to podcasts, follow people who are educators on creative financing, etc.
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22 November 2024 | 4 replies
It may involve creating a trust or moving the deed into an entity.
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26 November 2024 | 21 replies
I do have a CPA who is knowledgeable and involved here.
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21 November 2024 | 4 replies
It is 'lost' when investing within a retirement account.2) If the extra rate of return is about 1%-2% it may make sense given all the extra worth involved such as setting up and paying for the SDIRA account and then potentially having to file certain tax forms if your income is subject to Unrelated Business Taxable Income.
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22 November 2024 | 33 replies
@Jaime Farias I think part of the problem is the learning curve of all the other involved parties.
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20 November 2024 | 5 replies
There is no real estate involved; they are on a lease.My bank is currently looking at how much they can give us for a cash out refi of our rental condos, but we are trying to investigate all options.Thanks for any advice.
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23 November 2024 | 7 replies
Why would they stop if nobody sues or gets the police involved?