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16 November 2024 | 12 replies
(And it also this a kick in the butt to find a financial planner, so I will be responsible and do that as well :))Return on Equity equation is adding up your returns (so actual cash flow and the gain on equity for one year) and divide that by your current equity.
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15 November 2024 | 7 replies
My contractor has one credit card for all of my individually owned buildings (jointly not multiple cards) and one credit card for the building I own in a partnership.
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14 November 2024 | 1 reply
I asked Gemini and it pumped out some responses, but I know literally nothing about this so I have no clue how accurate it is and it definitely also recommends consulting with a lawyer and other experts in this arena.
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13 November 2024 | 8 replies
Break down your rehab into individual jobs, for example get a electrician for electrical work, a plumber to repipe the house, a dry wall guy to close out the walls, etc.
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15 November 2024 | 2 replies
Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises...
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14 November 2024 | 21 replies
Generally, I've found that people are more concerned with the content, thoroughness and responsiveness of my emails than what suffix is attached to them.
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16 November 2024 | 21 replies
It's not enough that your company serves the real estate industry, your actual duties should be directly related to real estate, as opposed to the typical executive responsibilities. 2.
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16 November 2024 | 24 replies
Unfortunately it’s very probable you will be responsible for this unless there is a statute of limitations in your state which could come into play.
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11 November 2024 | 5 replies
Quote from @Austin Schubert: Quote from @Chris Seveney: Quote from @Austin Schubert: Would anyone have a sample template of a proposal that you've used in the past that goes over how your structure a deal with a private money individual?
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17 November 2024 | 5 replies
I am staying steadfast on my response and not backing down (I spent 25 years as a GC/developer fighting with contractors) and have seen this thousands of times.