13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?

18 June 2024 | 83 replies
Also there're more traffic outside the city where the office are compare to traffic inside the city.

15 June 2024 | 2 replies
They have offices in Syosset as well as the Hamptons.Happy to share my direct contact with you.
15 June 2024 | 3 replies
I am a bit worried since I am in contract for another property now and the deposit is important to get the deal closed. go to the agents office and get your check.

15 June 2024 | 2 replies
DETAILS:I’m registering a general contractor as an officer in my LLC.

15 June 2024 | 5 replies
I am curious if other investors create a business plan or provide other documentation to loan officers?
15 June 2024 | 4 replies
Every time I call the office, I get "we are working on it" or "you should get the funds by tomorrow" but 3 weeks later still nothing.

16 June 2024 | 15 replies
The designated responsible party must be available on-site to address any issues as soon as one (1) hour following notification from an occupant, a city official, a code compliance officer, or law enforcement officer.Prior to the city issuing a certificate of registration, the vacation rental is subject to inspection to ensure compliance with: (1) minimum safety requirements under section 34.5-12; (2) minimum information requirements under section 34.5-13; and (3) to confirm compliance with Chapter 34.5 generally as well as any other applicable provisions of the Sarasota City Code and Zoning Code.The minimum safety requirements are set forth in section 34.5-12 and include compliance with the Residential Swimming Pool Safety Act, operation of smoke and carbon monoxide detection systems, and installation of fire extinguishers.The minimum informational requirements are set forth in section 34.5-13 and include, among other things, providing: (1) the location of the nearest hospital; (2) the non-emergency police telephone number; (3) the dates and approximate times of trash and recycling pick up; (4) the street address of the vacation rental; (5) the name and phone number of the designated responsible party or parties; and (6) emergency evacuation instructions.

14 June 2024 | 4 replies
Home Office: If you manage your rental property from a home office, you may be able to deduct related expenses.5.