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6 August 2024 | 17 replies
Note the law was in effect nothing because a jurisdiction could have allowed this prior to the new law and must op In with the new law.
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3 August 2024 | 5 replies
At 40% expense ratio which is more realistic you effectively need the Gross Operating Income to equal 2% of the asset price.
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3 August 2024 | 12 replies
Some markets need a higher-end build out to be profitable others going basic on finishes is most effective.
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1 August 2024 | 5 replies
If your prediction is correct, a 12 month wait may produce much fruit.
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4 August 2024 | 10 replies
2) I think the wealth effect of the stock market should have an impact on how much out of town buyers are willing to pay for a second home or even a primary home.
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4 August 2024 | 5 replies
Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.
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9 August 2024 | 184 replies
In my market I believe that the short term effects wont be much.
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3 August 2024 | 10 replies
.- Consider reimbursing the new owner: While not ideal, paying the $6k might be the most cost-effective solution to protect the contractor's license and your reputation.- Learn for future projects: This experience underscores the importance of thorough inspections, even on recently installed systems.- Check statute of limitations: Depending on your state, there might be a time limit on claims related to construction defects.As a hard money lender specializing in fix and flip deals, I've seen similar situations arise.
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2 August 2024 | 3 replies
Hi BP community, would anyone happen to know if a variance on my mixed use commercial building have any effect on my property insurance policy?
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3 August 2024 | 7 replies
But you are effectively putting yourself into more debtThere is good debt, and bad debtStudent loans are IMO bad debt - yes you get a degree that gives you a good paying job, but it costs you money every month to hold that debtReal Estate debt if used properly can be good debt.