
14 August 2024 | 8 replies
If we could choose the ideal software, it would have 90% funcitionality from a mobile app in some limited fashion.

15 August 2024 | 57 replies
And you could also take the primary residence exclusion.

14 August 2024 | 6 replies
Whether you choose to flip or explore other creative ways to build your portfolio, trust in your skills and knowledge—you’ve got this!

15 August 2024 | 34 replies
If that's your goal, I applaud you, but I'm sure most would choose other avenues for their charitable contributions.I like the idea of "organic vacancy".

17 August 2024 | 39 replies
It is very important to choose on or close to the beach or sea.

14 August 2024 | 9 replies
Then once seasoned, come back cash out refi into a lower rate and repeat if you choose to do so.

15 August 2024 | 17 replies
I looked at several different bookkeeping platforms and ended up choosing Baselane.

14 August 2024 | 6 replies
And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.

16 August 2024 | 19 replies
The 2 main reasons for increase were as follows:-Many carriers have moved out of Colorado or no longer offer coverage for HOA communities, so there’s a smaller pool of insurance companies to choose from.