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1 September 2016 | 12 replies
That said, if you have any properties that may work well for a BRRRR strategy then I'm all ears!
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13 September 2016 | 12 replies
(I try not to use the "F" word) ; ) If this works, I have another property this could happen on..Again..thank you all for your input..woke up amazed that my request didn't fall on deaf ears!
2 September 2016 | 4 replies
For every deal you lock down, you will probably have looked at 10-15 other properties, that came from 20-30 callers you've had to talk to, generated by 5000-6000 letters you've sent out.
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5 September 2016 | 1 reply
How many outletsAre the locks good?
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2 September 2016 | 5 replies
I was looking to do a cash-out refi to take money out while locking in lower rates, but now that the properties are in the S-Corp, I am unable to transfer back into my name to refi without creating a taxable event.I am wondering if there are any strategies to moving these out in a tax advantaged way (I expect there will be some cost to doing so).Some strategies that have come up in other conversations are:1) Form LLC and issue a note to the S Corp with the properties as collateral... then if S Corp defaults on the note... the properties will be transferred with out triggering taxes (although cost basis would remain the same)2) Have appraiser apply discounted valuations on properties due to lack of marketability (I am only a 50% owner of the S-Corp).
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7 September 2016 | 9 replies
Like making friends with local Deli owners to keep an ear out for you type hard.
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5 September 2016 | 9 replies
I can offer a list of services I would expect:Leasing fee covers:PricingMarketingMedia advertisingMember of Multiple Listing Service and syndicated to numerous internet marketing toolsRealtor referral networkOn-call 24 hours including weekends and holidaysShowing, screening and negotiatingCredit reportsThorough background checksDocument preparationManagement Fee Covers:Move-in/move-out coordinationMove-out inspections with digital picturesEnforcement of lease termsTenant public relationsTimely rent collectionComputerized accounting and property management systemsFunds managed by a trust accountTimely disbursement of funds to ownerMonthly statements covering all activityCPA ready annual consolidated statementsScheduled property surveysMaintenanceProperty Repair Services24 hour on-call service for emergency repairs including weekends and holidaysRepair “help line” service at no costReputable maintenance personnelVolume pricing on supplies and servicesSpring A/C service and lawn treatment at owner’s optionUpdating, decorating and refurbishing if desiredInstallation of security devices (locks, etc) as required by law
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8 September 2016 | 16 replies
No recurring payments, doesn't lock me out after a year
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2 September 2016 | 8 replies
Of course if I subdivide it I would be able to take 20 feet of the edge of this land and set it aside for an easement for that piece of property.I don't want to keep this property anyway so hearing sell sell sell is music to my ears.
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3 September 2016 | 4 replies
Getting a third party inspector on your team is important to serve as your eyes and ears on the ground.