
1 October 2024 | 37 replies
50 hours a week isn't that extensive though.

30 September 2024 | 10 replies
., 3+1+1 extension structure).Confirm if the deal involves bridge loans or fixed-rate, long-term agency financing.Assess if the extension options are realistic based on the current and projected market conditions.

3 October 2024 | 15 replies
I've had many clients utilize the rent by room strategy to great success.

2 October 2024 | 8 replies
You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

3 October 2024 | 14 replies
Hi Rafael,You can start with a SFR or duplex if you'd like to avoid using a property manager, but if you really want to scale up you should be utilizing a property manager.

30 September 2024 | 16 replies
I have a fairly extensive summary of GA tax sales process in my notes file — I’ll send to you later if you want it… but I found it in this forum if you want it sooner

27 September 2024 | 10 replies
First, create a Post-Closing Occupancy Agreement that clearly states when the seller needs to move out, any rent or fees they'll need to pay during their stay, and what their responsibilities are regarding utilities and maintenance.

30 September 2024 | 11 replies
I have not heard of an extension as of yet.Your 100 hours is related to material participation for STR not the real estate professional status, they are two separate items but in a way can be connected (kinda).I'm not sure what you mean by "sell it for no bonus depreciation recapture" because you are required to take depreciation, if you don't the IRS should calculate your tax as if you did.Your head is in the right place and I wish you luck but would highly recommend consulting with a tax professional before proceeding if this is your plan.Best of luck Dennis!

2 October 2024 | 71 replies
I also utilize subordination of the mortgage and substitution of collateral where appropriate to create the “enhanced” returns that I seek.

29 September 2024 | 13 replies
Whenever I read investor posts about unit count goals and utilizing section 8 rentals as the vehicle to scale a portfolio it loosely translates to buying real estate without paying attention to the fundamentals in the markets where they invest.