
29 August 2024 | 23 replies
An experienced accountant who specializes in real estate taxation may charge more than an inexperienced/new accountant who is eager to get clients.

26 August 2024 | 3 replies
What zones have it as special or conditional use?
29 August 2024 | 70 replies
I would say 2 points for one day funding is reasonable ($1500-$2000 as "minimum") specially when you're dealing with the direct lender not a broker.

26 August 2024 | 10 replies
I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

27 August 2024 | 43 replies
Hard money lenders are basically prohibited from lending on a primary residence under Dodd Frank unless they have a special licensing.
25 August 2024 | 3 replies
I'm looking for people who have actually done it or are brokers that specialize in self-storage and are familiar with the markets who could give me some tips on what to look out for and how to work towards buying them.

27 August 2024 | 11 replies
@Nicholas KaniaI recommend finding an accountant who specializes in real estate taxation, business taxation, and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

23 August 2024 | 4 replies
@Robert Rixer, I don't know how creative these are, as many are common plays:Valet TrashFencing in first floor yardsProviding washer and dryers for added rentReserved, Covered parkingTech PackagesInternet and Cable contracts, with reimbursementsPayment Plan rents, with small service charge (i.e. bill 1/4 rent each week)Reserved Rental cabanas at poolPrivate pool party rental optionGolf Simulator in clubhouse - fee basedOn site, self serve car wash (quarter feeder style)Charged group fitness/personal training servicesGame room in clubhouse with monthly subscription for tenants (Xbox, Playstation, etc)Changing out high maintenance grass for astro turf or lower maintenance/lower water use shrubberyBut ultimately, I think a lot of NOI increases come from deep dive into understanding EVERY expense and finding ways to minimize them, and/or no outsource them.Train maintenance team on basic HVAC and appliance repairs (find way to get them licensed as needed)Buy paint sprayers for faster, easier turns versus having to hire a contract painter, and possibly repaint whole unit each timeStandardize all finishes, so you can buy in bulk, everything from hinges and door knobs to cabinets, paint colors, and light fixtures.Potentially get leasing people onto lower base salary with higher bonus potentialBulk/bundled insurance across portfolio (even better at scale is to self insure)Regularly test sprinkler systems for leaks.Non-NOI, but benefit to you: partner with insurance agency to get referral kickbacks from your tenant base for renter insurance.

26 August 2024 | 25 replies
The key with condo complexes is to do due diligence on each individual complex as far at whether they are warrantable, VA-approved, and whether they might be facing any upcoming special assessments or have issues with the state-mandated structural integrity studies and their reserves.

26 August 2024 | 11 replies
Freddie Mac and Fannie Mae, kind of like special lenders, offer good rates but need well-kept properties with lower down payments and longer payback times.