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22 November 2024 | 7 replies
Maximizing Deductions: You can still claim tax deductions (mileage, repairs, management time, etc.) on both properties as long as they’re legitimately related to rental activity, even if one isn’t in an LLC.
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27 November 2024 | 15 replies
Or you moved or you're helping a relative who lives in the area of the storage location.Summary:Although most discussions surround a 1 to 3 mile radius.
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22 November 2024 | 5 replies
My county has no zoning and I am relatively close to one small lake (3 minutes) and close to 2 big lakes (15 minutes to each big lake).
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18 November 2024 | 3 replies
It’s now mid-November.After double-digit requests through phone/voicemail to almost every phone number option in the menu, emails, messages onto their web site, Facebook messages and comments, I had to initiate a chargeback.
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21 November 2024 | 7 replies
Quote from @Briant Rivera Arroyo: Hello everyone, I'm relatively new to the Real Estate scene, I've done some research and have concluded I am interested in wholesale to begin my journey.
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20 November 2024 | 0 replies
In a dream world - the comprehensive solution does all this: *task management and sequencing where you can drop a property into a sequence ie day 1 call, day 2 mailer (have it automatically mail out something like a postcard) day 3 etc etc etc*project management outside of the outreach sequences for what's next in the process ie schedule inspection, send the contract, etc etc*ability to have multiple users drive around and if you see a property you can tag an address and add it into a marketing sequence, and also track the streets you've hit so you're not wasting time driving by the same houses more than once *dialer (ability to parallel dial numerous numbers simultaneously to make cold calling more efficient - Ive used tools like orum and kixie in other industries, and when you receive a pickup, the other calls are dropped) *skip tracing/data provider *website landing page for converting online visitors to leads*electronic signature/docusign*secondary branded landing site on different URL for blasts for deal disposition to your buyer listWhat am I missing?
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20 November 2024 | 18 replies
.- Will still be challenging to acquire a SFR at a low enough price to justify the cost of any conversion.Regarding Michigan property taxes, we have a one-page explanation document we'll share if you DM us. - The challenge in Detroit is that the city is "deliberately" keeping SEVs low to not scare investors away over property tax increases.
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27 November 2024 | 10 replies
I still work a full time W-2 job and have three relatively young children.
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22 November 2024 | 12 replies
Get with your agent and ask all the questions related to their experiences with flood claims and what you could expect.
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21 November 2024 | 20 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.