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12 August 2018 | 21 replies
Also....you absolutely can screen the tenants....you are not "forced" to take anyone.To help mitigate the risk of having potential tenants that are "a little rough around the edges I make sure of the following.No Smokers, Period....not even vapers or cigarsNo Drug Users PeriodNO Previous Evictions from within the last 10 yearsNo felonies No pets, period.I have Section 8 tenants in Cuyahoga County (Cleveland), Alameda County (Oakland, CA) and Contra Costa County (Concord, CA).....and it works.
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6 August 2018 | 12 replies
Well here are few that I can think of:- You are an Accountant - who views the reports once a year to do taxes (That is it)- You are a Bookkeeper - you want to do the data entry because it does not make you money- You are a DIY QuickBooks user - who will surf the internet and YouTube for answers and not have the full process, procedure, and solution- You are a CFO - review your financials every day or week, depending on your business goalsNow let's get into the nitty-gritty:- You as a business owner should look at your reports by each property and unit- You should compare your Profit and Loss by:----- Month----- Quarter----- Year----- Previous Year Comparison----- By % of your Income ----- and the list goes onNow about your Equity - view your Balance Sheet and see the difference from previous year how much money you paid and received by improvements and loan, the personal money you invested and more...If you are looking at keeping the books for tax purposes and IRS, as well as use paper and pencil.
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8 August 2018 | 79 replies
I’d first recommend contacting the service members chain of command (their Commander and / or First Sergeant) like Peter said.
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6 August 2018 | 2 replies
It sounds like the A building discounts 600k for no view and the B building commands a 400k premium for a view.
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6 August 2018 | 2 replies
I’ve found BP users to be very friendly and willing to share their knowledge and experience.
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30 April 2021 | 18 replies
Members of Illinois REIA, including me, use Rent Perfect for tenant screening.
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6 August 2018 | 4 replies
Then take next best highest and use tenant and figure out rent per sq ft they could pay.You could possibly sell the land to an end user tenant, sell the land to a developer and make a spread, ground lease the land, or do a NN or NNN lease and construct the building.You need to analyze the tax implications of selling outright and paying higher short term gains capital tax versus developing and then converting to a new value created loan of 65 to 75% LTV.
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10 October 2019 | 6 replies
@https://www.biggerpockets.com/users/KatieL13I am lending money to fix and flip
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20 September 2018 | 2 replies
If you invest capital gains in these zones then you can defer the gain until 12/31/26.Also if you invest in these zones before 12/31/19 and hold the investment for 7 years you do not record pay gains on the appreciation of the asset.The main criterion other than being in designated areas is that you have to either be the first user of the property or substantially improve the property.
8 August 2018 | 7 replies
Since the water supply of the town could never go up there with the frankly primitive water infrastructure of the time, the land was worthless for housing, although it commanded fantastic sunset views of the Gulf of Corinth.But the guy claimed that he had found a natural artesian spring on the land, and that's the land what he was selling.