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15 January 2025 | 4 replies
They accessed the property until they finished moving everything out on January 8th.
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1 February 2025 | 5 replies
Quote from @Matthew Espana: Hi, I am interested in connecting with anyone who has midterm rentals in the Bakersfield area.
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29 January 2025 | 4 replies
Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.
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1 February 2025 | 5 replies
This also added AC to the property which it didn’t have before.
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16 January 2025 | 6 replies
Here are a few tips to help you get started:Financing: Since you’ll be starting your internship soon, lenders may look at your projected income or require a co-signer until you have a longer work history.
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26 January 2025 | 51 replies
I had no exposure to this group but recently heard one of their principals on this podcast.
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12 January 2025 | 1 reply
Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.
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16 January 2025 | 9 replies
I hate to say this, but if you want to get a job with Yardi as the main software, you will need to start at the entry-level accounting.
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28 January 2025 | 11 replies
As a side note, and maybe others will recommend this as well, obtain your real estate license instead if you are interested in pursuing sales full-time.
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30 January 2025 | 11 replies
We keep telling ourselves "this is the last one" then decide to do it again.