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30 October 2024 | 2 replies
When you get to PM companies that are 100++ units they typically have in house handyman services that do it all so they might not have the connections that you need.The next move is going to local REI meetups...
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30 October 2024 | 15 replies
Your property management company is not a security service- unless it states they are in your agreement with them.
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31 October 2024 | 4 replies
Search my recent posts as in the last couple days I posted a list of wholesalers and agents with pocket listings that service San Diego area.
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30 October 2024 | 4 replies
With nursing, I would establish a connection with both the hospital, placement services along with posting it on traveling nurses sites.
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30 October 2024 | 2 replies
Amazing, I'm sure there are going to be many people wanting to acquire your services.
1 November 2024 | 11 replies
Whether you decide to rent your current home and move or buy an investment property to rent or flip, having the right financing strategy will be key to making sure your deals are profitable and sustainable.Here are a few loan options that might help based on your strategy:DSCR Loans (Debt Service Coverage Ratio) – If you're looking to buy a rental property, this could be a great option.
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29 October 2024 | 9 replies
We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.
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31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.
30 October 2024 | 1 reply
Contracting and subcontracting services, like plumbing, generally don’t count unless tied directly to real estate you own.Are you considering acquiring rental properties or engaging in real estate development where you would personally manage or oversee those properties?
30 October 2024 | 10 replies
There are obviously other metrics that have to be met, such as the gross monthly rent has to be equal to greater than the total principal, interest, taxes, and insurance; that is the debt service coverage ratio (DSCR).