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31 December 2024 | 3 replies
Although the study may increase the gain, the gain may be taxed at a much lower rate making it a beneficial investment.If a property is purchased with the intention to flip or own for a short period of time (less than 3 years), a cost segregation study may not be significant.SHOULD I GET A COST SEGREGATION STUDY BEFORE OR AFTER REHABBING MY PROPERTY?
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31 December 2024 | 97 replies
(C)(1) If the parties dispute the disbursement of the earnest money and the purchase agreement contains the provision described in division (B) of this section, not later than the first day of September following the two year anniversary date of the deposit of the earnest money in the broker's account, the broker shall return the earnest money to the purchaser unless the parties provided the broker with written instructions or a notice of a court action as described in division (B) of this section.(2) If the broker cannot locate the purchaser at the time the disbursement is due, after providing the notice that division (E) of section 169.03 of the Revised Code requires, the broker shall report the earnest money as unclaimed funds to the director of commerce pursuant to section 169.03 of the Revised Code and remit all of the earnest money to the director.Not that this isn't good info for people, but to clarify, HoltonWise has not and did not ever hold any of this buyer's earnest money during this transaction.
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2 January 2025 | 18 replies
That way your purchase price will be lower and your debt will be cheaper due to inflation.
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28 December 2024 | 23 replies
When your in Transactional Real Estate like we have been and its been quite good since the GFC cash flow at 200.00 a door has no interest for us..
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7 January 2025 | 16 replies
I'm going to start reaching out soon to a friend of a family member who owns a local PM group with roughly 1000 doors for lower income, just to pick his brain, but I can envision a scenario where if I needed to partner with someone to get my first deal and gain some creditability and experience, he may be willing to assist.
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4 January 2025 | 19 replies
I have supplemental insurance so I am of the mindset that they should get rid of this bogus insurance and lower my host fees..
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27 December 2024 | 2 replies
The tenant pool can be lower end in Winnipeg but if you invest in the right areas it will often qualify for CMHC financing in terms of affordability.
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27 December 2024 | 22 replies
Generally, there are more prospective tenants who may behave this way with lower-priced rentals.
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21 December 2024 | 10 replies
I would imagine the hold back is lower.
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5 January 2025 | 39 replies
@Damon AlbersSounds like these properties are in a class c area and your manager is not doing a good job vetting themBut this is not out of ordinary for c class rentals which is why people look at cash flow and be like wow but one $5000 bill can wipe out 4-6 months of rental income and properties never make money and rarely appreciateThis is why we do not do lower class rentals as stated cash flow vs reality are typically not close