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12 December 2024 | 20 replies
Recommend:1) Letting the tenant know they need to buy traps and use them.2) Waiting until S8 gets involved.
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11 December 2024 | 14 replies
Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.
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9 December 2024 | 14 replies
We don't provide any streaming accounts.
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10 December 2024 | 8 replies
We have a savings account where we split up into different buckets (from our w2 and passive income) and one bucket is for real estate and when we have enough to acquire another asset we will consider it.I am not a fan of borrowing 100% of the transaction costs including closing costs as it will be extremely difficult to make money many times on those types of deals.
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9 December 2024 | 2 replies
If the features were removed, you were probably refunded and just haven't seen the refund on your account yet.
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10 December 2024 | 11 replies
First - I think your accountant should be providing you recommendations for cost segregation companies.It it most likely, if he/she works with real estate investors, that he/she would have a couple to recommend.Second - There are two types of cost segregation studies.Type 1 - Conducted by an engineering firm where an engineer will inspect the property.
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9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.
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5 December 2024 | 48 replies
Do you understand the expenses and regulations involved?
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6 December 2024 | 11 replies
I've been involved in a lawsuit that settled right at a million dollars, and that was over 20 years ago.
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7 December 2024 | 1 reply
There is not enough meat on the bone to involve an agent or an attorney.