Britt Griscom
Cost Segregation
21 January 2025 | 3 replies
You will need to justify the sale price of those assets to the new owner at their then current value on your books.It is a big hassle to do this, but it can make you a lot of money if you do it right and are careful in your record keeping.
Tannia Castro
New to Rental Property Investing
16 January 2025 | 9 replies
Look for a PM is also an investor/owner in your market.
Stephen Patton
Newbie & Confused
24 January 2025 | 6 replies
House hacking is using an owner occupant loan to get into a home or a 2-4 unit property.
Natalie Gelbke-Mattis
Asking Seller to JV
20 January 2025 | 1 reply
Instead of discussing the possibility of owner finance with sellers - what if I offered the opportunity to JV where they are the equity partner?
Jeffrey Bourque
Found a Deal but Not Sure
27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
Kyle Jenson
New Dentist looking to create a retirement plan for myself thru real estate
24 January 2025 | 15 replies
Property owners are a prime source for collecting revenue.
Lorraine Hadden
Is There Such A Thing As Too Much Curb Appeal?
18 January 2025 | 4 replies
Upon arrival I noticed the curb appeal and thought it was overdone (of course, I initially didn't say anything to the owner).
Michelle Baldwin
PMS Software to Link 2 Separate VRBO Accounts
18 January 2025 | 6 replies
I am now connected to and working with another owner and managing her property under my portfolio as well.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Ask to speak with some of their current owners and current/former tenants.
Tiffany Palaskas
Sell or keep income producing duplex
30 January 2025 | 38 replies
Since the laws are not for the owners and we are no longer there.