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15 October 2024 | 8 replies
On a similar note, one thing to pay attention to with PMs is the security deposits.
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14 October 2024 | 24 replies
I have a small real estate portfolio and a long investing horizon as I'm in my early 30s.Thoughts on why to stop 401k:- no match benefit- returns are very low avg. annual ~5.5% last 3 years net of fees- can only borrow up to 50k from 401k - limited access to capital until retirement age Thoughts on why it could be good to invest in ETFs or general securities example instead(SPY) :- higher returns 9% avg annual last 3 years net of fees - access to capital - securities backed line of credit (could be used as another form of liquidity to continue purchasing real estate) - long-term mitigated tax liability - if you never sell the underlying securities and instead use the line of credit as a form of liquidity to purchase assetsIt seems like this could be a long-term strategy with limited tax liability.
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16 October 2024 | 4 replies
My list includes - last 2 years employment history and current employment [2 paystubs], criminal checks, eviction checks, No Pets, No smoking, tenant pays utilities, maintains landscape, no subleasing, bring own washer & dryer, 1 month security deposit and transfer of utilities before moving in, rental insurance, all occupants will be on lease, notice period of 2 months for termination, tenant references, No cosigners, no painting walls, late fee notice, any hoa fines should be paid by tenant, inspection of property at 3, 9 and 12 months.Please let me know if I am missing anything.3.
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15 October 2024 | 3 replies
🎉This deal came with several benefits that we believe set it apart from traditional syndications:1.Low Leverage & Investor Protection: We’ve committed to a low-leverage strategy to protect our investors, which we believe adds an extra layer of security in today’s market.
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15 October 2024 | 8 replies
After accounting for social security and other investment income like IRA/Lifeinsurance/Stocks (of which was made possible because of real estate cash flow) my mother would be classified as part of the1% and earns a corrsponding Passive income.
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15 October 2024 | 4 replies
The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.
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15 October 2024 | 9 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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16 October 2024 | 8 replies
I understand showings are part of the deal when a property is being rented or sold, but this seems like a huge breach of security and tenant rights.
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17 October 2024 | 14 replies
Cohen, I can secure the funds for you based on the ARV immediately (0 months), let's get to work on this.
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15 October 2024 | 0 replies
Here are some items that are specific to warehouse:Loading DocksInterior FinishesHVAC SystemsSafety and Security AlarmsLand ImprovementsSpecialized Electrical SystemsMaterial Handling EquipmentAs you can see, cost segregation can allow multiple items to be reclassified to shorter useful lives, accelerating depreciation and creating immediate tax savings.