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16 September 2024 | 12 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.
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17 September 2024 | 2 replies
As rates come down, it will make that budgetary decision (buying a home) more palatable and will give buyers the "flexibility" to offer more in multiple offer situations as demand will increase with rates falling.
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17 September 2024 | 1 reply
@Ashley Guerra - I live and invest outside of Philadelphia, so I can't comment on your specific markets in central and south Jersey, but can provide my perspective on things to think about to help your decision.1) I would consider speaking to 3-5 people/investors in each market you are considering (central and south Jersey) to listen to their thoughts on pros/cons of the area and how they invest.
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17 September 2024 | 4 replies
You want to bank reserves there to see the future cap ex because if you don't, you get another property and then two furnaces go out in the winter at each and you need 20k and now they both cashflow nothing.Your asset will appreciate and you can value add to rent add by making smart decisions on upgrading tenants.
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17 September 2024 | 6 replies
Research is helpful, but some sites like this one can give the idea that there's an absolute "right" decision.
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17 September 2024 | 11 replies
Sounds like an internal policy decision that you will never win, regardless of any reasonably prudent measures you take.
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16 September 2024 | 10 replies
But if you just operate without a permit, the county does a poor job of coming after you.
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20 September 2024 | 24 replies
I ultimately chose Columbus Ohio and have been pretty happy with my decision.
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16 September 2024 | 6 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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18 September 2024 | 6 replies
They ultimately walked away because this fund requires "a seat at the table" with key decision authority on when the asset can be sold or refi'd.