John Kim
Anyone Have Experience with Section 8 in Detroit?
30 December 2024 | 18 replies
Hi BP, As a newcomer to the real estate investment scene, I wanted to see if anyone had experience with Section 8 investments in Detroit.
Devin James
Update - Everything Went Wrong
30 December 2024 | 5 replies
Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment: - Took 4 months longer than expected - Cost $10K more to build than we anticipated - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!!
Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!
Desiree Doubrox
Your experience with Student Housing
1 January 2025 | 5 replies
HI There;There are two properties built in 1894 located in South Orange, New Jersey. Blocks away from Seton University, one with 11 bedrooms and 4 baths and the other with 14 bedrooms and 4 baths.Both show signs of d...
Richard Volkov
Could This Be a New Way to Invest in Real Estate Without Buying the Whole Property?
19 January 2025 | 47 replies
I do NOT have enough knowledge or experience in this arena to provide specific “how to” accomplish this, or even to provide specific”proof” of my position.
John Matthew Johnston
Nurse to property management company
5 January 2025 | 9 replies
Also make sure to have owners add you to their property insurance policies, so you have liability protection.
Anthony Vaganos
DCSR vs Conventional with transfer tax
19 January 2025 | 8 replies
Curious what others have concluded....or for any lawyers out there if buying under personal name and then transferring into an LLC diminishes your liability protection with the LLC.
Sharad Bagri
Umbrella Insurance for partnership
2 January 2025 | 2 replies
You can always just increase the liability on your current carrier.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
It can be a separate checking or savings but just make sure to have a "holding" account where only security deposits are held for your sanity.I won't speak to liability since I'm not a property manager, attorney, etc.
Ari Wertheimer
Innovative Net Lease SFR Strategy
8 January 2025 | 0 replies
They offer SFRs across the country (1031 eligible) that are fully triple net lease - meaning there's no costs to the homeowner, no vacancy liability, no unexpected repairs and maintenance, NOTHING.