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16 July 2024 | 2 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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17 July 2024 | 4 replies
It is a hold back or proration of sorts for an operating expense.
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18 July 2024 | 4 replies
Then there's all sorts of issues you can run into with zoning as well.
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16 July 2024 | 0 replies
What's most important to you when selecting or suggesting a mortgage partner or lender?
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17 July 2024 | 10 replies
DSCR for these sort of loans right now is 25% down, 30-year amortization, with a rate around 7%, depending on the lender and deal.
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17 July 2024 | 18 replies
Make all your selections and dont deviate unless you absolutely have to!
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22 July 2024 | 82 replies
But when one of the parties is licensed by a governmental board of some sort, the board can subject the licensed individual to higher standards behavior, and they can do this largely at will and without the higher thresholds of most criminal laws.
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16 July 2024 | 0 replies
A streamlined process for cost segregation studies: AI is able to help streamline the cost segregation reclassifications by analyzing and identifying property components into their appropriate useful life more efficiently than traditional methods.The ability to identify eligible tax credits: AI is able to sort through and analyze a vast amount of tax laws and regulations in order to attempt to identify potential tax credits available to the real estate investor.
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18 July 2024 | 40 replies
(These averages represent state-level; individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas and Florida to offset the higher operating costs.Texas: The property must generate $5,752 ($9,256 - $3,504) more cash flow annually to compensate for the higher operating costs in Texas.Florida: The property must generate $2,343 ($5847 - $3,504) more cash annually to compensate for the higher operating costs in Florida.Overhead costs can have a large impact on cash flow.A Process For Selecting an Investment CityThere are too many potential cities to evaluate each one.
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17 July 2024 | 15 replies
I'm sorry, but that is sort of a silly offer.