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13 November 2024 | 5 replies
For quality options, expect $2.5-5 per sf.Click-Lock vs.
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18 November 2024 | 35 replies
But the flip-side is they might have higher expectations of you in terms of responsiveness and maintenance, etc.
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14 November 2024 | 5 replies
They have always beat my expectations!
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13 November 2024 | 4 replies
Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.
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15 November 2024 | 14 replies
I normally go into a deal telling a borrower to expect 70% LTV and then if the appraisal comes back suburban then we can bump up leverage. 80% LTV is typical in suburban areas and 70% is typical in rural areas for DSCR lenders.
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6 November 2024 | 4 replies
Do this for 1 year and you will make way more than most new agents.Once you go F-T, 2 hours/day for lead gen/marketing/follow-up should be your norm or minimum.3.
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14 November 2024 | 5 replies
i've done a few flips, a few BRRRRs and a few seller finance deals.time horizon and expectations are important right now.
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13 November 2024 | 2 replies
In real estate, the biggest hurdles are often the ones you least expect—and sometimes, they’re as small as a crystal doorknob.Back in 2019, a simple set of crystal doorknobs nearly cost us a $25,000 deal on a home on Burgess Street.
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17 November 2024 | 30 replies
By default depreciation is straight line taking a flat amount per year based on the expected life of what you are depreciating.
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16 November 2024 | 21 replies
I don’t actually expect @Amanda Han to have an answer for someone else’s tax situation, but it’s something I’ve been curious about for a few years.