17 February 2025 | 6 replies
This continued imbalance in housing supply to household formations and population growth.Changing Demographics and PreferencesPeople are also waiting longer to start families (Source), and people are valuing more the flexibility that renting provides in the remote work and online business era as well as the sense of community apartment complexes can provide in our digital and post-pandemic world where people feel less connected to the community than before (Source).
15 February 2025 | 2 replies
What if you have an apartment complex with 20 units?
14 February 2025 | 5 replies
The IRS could apply this doctrine if it appears that the series of transactions are structured primarily to achieve a specific tax outcome, such as avoiding taxes.Regarding the 1031 exchange, while in-laws are not considered related parties, the transaction could still be scrutinized due to the complexity and nature of the other transactions involved.
16 February 2025 | 61 replies
They will put it in your bank account. at a higher price, Airbnb is mostly crickets and booking.com continues to bring in good traffic booking.com has been very smooth and the whole review mantra with Airbnb is almost non-existent yes somewhat complex to set up.
14 February 2025 | 4 replies
We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.
13 February 2025 | 8 replies
This is due to all the foreclosures that have been tied up in land court since the pandemic.
13 February 2025 | 2 replies
I hear there's a recent case in Federal Court where an investor was found NOT GUILTY of violating anti spam laws because his text was asking to BUY a property, which isn't sales (which is what marketing is).
14 February 2025 | 1 reply
He did homebuilding for a few years and is currently building a $40M condo complex for a family office.
13 February 2025 | 2 replies
So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1) zoning allows for this2) and obviously I owner occupy for at least 12 months3) the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process?
13 February 2025 | 9 replies
When dissolving your two-member LLC and selling a property, deferring capital gains taxes individually can be complex.