Donna Johnson
Knowledge/Experience with Cope Equities in DFW Area?
6 July 2024 | 2 replies
We did not fund the last few million of the raise, so we are allowing the final slots to come in at up to 20% APR, fixed annual simple deferred return (deferred means you get all of your interest earnings at the end when we repay your principal – and that happens when we finish building and then sell the apartment complex).This asset is our safest MF asset, in my opinion, BECAUSE the project is backed not just by our equity in the apartments – but by our equity in the entire 54-acre land development.
John Moseley
Has Anyone Heard of Tim Bratz?
8 July 2024 | 42 replies
But if you go to his web site he claims he built an empire of $145 million in the last 48 months.
Abdulla Sharaf
Expanding my property management business
7 July 2024 | 5 replies
So I strive towards using Lodgify which is a standalone solution that hosts creating a web front, connectivity PMS Channel manager with seamless integration with air airbnb and booking.com. although the platform is very useful we are now seeking towards expanding to a new platform that can onboard us with more rental platforms، based on my research I found a channel manager by a company called Rategain, unfortunately we cannot integrate it seamlessly so the solution would've been to use automation software (Zapier) that can bridge both platforms.
Margarethe F.
Info on company that sells turn key properties in Kansas City MO
6 July 2024 | 4 replies
Their properties are in Kansas City, MO.I can find anything online, except their web site, just would like to know if it is legit.Thank you,
Kyle McShea
Seeking Charleston REI Tips: House Hacking & Investment Insights
8 July 2024 | 6 replies
I have surfed the web and reviewed reddit posts, YouTube videos, talked with family members, and more and I've come down to this definition.- 20% equity after rehabbing- 4% Cash on Cash return- 5% Appreciation rateWhat are your thoughts on this base definition and how does it apply to Charleston?
Tanganika Darden
Is connected overages .com with Bob Diamond legit?
10 July 2024 | 50 replies
I just watched his web class presentation last night, I was looking to get information from someone who has gone through the course.
Ammar Khan
House-Hacking / Managing Property / REPS?
4 July 2024 | 7 replies
This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.
Yongming Huang
Why are real estate agent commissions so high in the US?
10 July 2024 | 87 replies
For that service to be 20 dollars less a month they use a phone tree that requires outsourcing to other countries to answer and sending them to an information web black hole to spend endless time finding what they are looking for.Then you have someone like me that makes up a very small percentage of the population in income and wealth.
Jacob Rosenkranz
Is there a Bigger Pockets app?
29 June 2024 | 11 replies
I run a web development team and still code in web and mobile.
Steve Mizer
Hello BiggerPockets! New PRO here
28 June 2024 | 2 replies
It's a duplex that I'll be house hacking.Outside of real estate, I enjoy almost ANYTHING outdoors, when indoors I love movies and board games, I'm dedicated to my volunteer ministry, and I've become fluent in Russian (learning Ukrainian).I also run my own SEO, marketing and web design agency, which I am PASSIONATE about!