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Results (10,000+)
Gabe Morrell Is Now a Bad Time to Start Out?
10 May 2024 | 19 replies
This corner of the single-family market at or below $350,000 is currently hyper-competitive. 
Brandon Morgan buying rental properties in Pennsylvania
9 May 2024 | 13 replies
Welcome Brandon - I have properties here in the wyoming valley.I am a native to the area.Scranton has many hoops to jump as an investor - esp. an out of the area investor.One is you'd have to hire a property manager if you do not live in the city of Scranton or within 20 miles of the city.Real estate taxes are high -that plus the current interest rate and ask prices makes cash flow an issue.You can find "deals" but please do your due diligence.Here is an example of a potential deal I am evaluating in the hill section of the city: 20 y/o, 2000 sq ft. 3b/3bath TH - Needs paint, new carpeting, and general wear and tear repairs after a 4 year tenant.
Julio Gonzalez How to Choose a Cost Segregation Company
9 May 2024 | 2 replies
If the report is much shorter, the company may have cut corners or you may be lacking proper documentation.What other things do you look for when selecting a cost segregation company?
Jasen Herr Any section 8 investors in Shreveport LA?
6 May 2024 | 1 reply
Are there any section 8 investors in Shreveport Louisiana?
Jorge Abreu 🏢 Property Inspection Checklist ✔️
8 May 2024 | 0 replies
Furthermore, understanding the resident characteristics allows me to measure the target market and modify my investment strategy accordingly.Inspection ChecklistSituations vary from one property to the next, but here is an on-site inspection checklist to get you started:Interior Units:Inspect vacant units, including one of each finish out type (Classic, Reno, etc.).Check all down units.Inspect one unit from each unit mix.Exteriors:Landscape:Look for overgrown bushes.Identify trees that need trimming (no branches hanging over the roof).Take pictures of the following:Curb appeal on all sides facing the street.Landscape around the office and amenities.Overgrown bushes or trees.Any dead landscape.Areas that may need sod or mulch.Assess drainage:Ensure water flows away from building foundations.Check slope, gutters, downspouts, surface drains, French drains, etc.Exterior Walls:Determine the existing material (wood, vinyl, Hardie, brick, stone).Assess the condition of the walls.Note if painting is required.Take pictures of each building, including building number, each elevation (clockwise), and any breezeways or niches.Windows:Evaluate the condition of existing windows.Consider whether solar screens should be installed.Roof:Identify the type of roof.Assess its condition and age.Parking Lot:Check for potholes.Assess the need for restriping.Note whether the parking lot is concrete or asphalt.Evaluate drainage issues.Walkway:Look for tripping hazards.Assess drainage issues.Foundation/Gutters:Inspect for cracks in the brick.Check for separation in corners from fascia and trim boards.Evaluate drainage and identify poor drainage areas.Amenities:Identify possible improvements.Consider adjustments or additions that can enhance amenities.Talk to the Staff:Maintenance: Inquire about the physical condition.Office: Discuss current residents, delinquency, and potential changes to add value.Assess whether rents are too high or too low.Confirm rents and what is included/not included.Confirm other sources of income and associated charges.Confirm occupancy, pre-release, and vacancy numbers.Note: Maintain professionalism and avoid insulting the owner or broker, regardless of the property's condition.Keep in mind that investing in real estate is like solving a puzzle—you need all the pieces to see the big picture.
Josselyn Jorge Termites in triplex
8 May 2024 | 3 replies
I have a triplex and one section has termites in the closet.
Nancy Chawla 1031 Exchange with mortgage
8 May 2024 | 5 replies
It doesn't matter whether you qualify for Section 121 treatment on the other half, which I hope that you do.
Daniel Kotowski Basis for depreciation when moving a home I own to rental status
8 May 2024 | 4 replies
If this was your primary residence, I would highly recommend selling within 3 years of converting to a rental to maintain the section 121 tax free gain on sale of a primary residence (250k exclusion for single and 500k married). 
Jonathan Greene Have you hit your investing goals so far in 2024? Why or why not? Let's talk about it
9 May 2024 | 25 replies
My 2024 goal is is get to $15,000/mo. in passive income from (40-50) single family houses renting to Section 8 tenants.I'm behind on the goal quite a bit.
Tim Porsche Crushed Drain and Sewage Backup in Pending Flip
8 May 2024 | 8 replies
My contractor is estimating around $1,000 to replace that section of pipe.