5 May 2024 | 7 replies
This kinda stuff is normal low income tenant behavior.
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6 May 2024 | 30 replies
Just so you are aware, I buy multifamily in Worcester Ma and properties are normally over 100 years old.
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9 May 2024 | 159 replies
Quote from @Carlos Ptriawan: also since most of the advice in BP is coming from sell side, the return we got is the normal return hence why I am no longer interested.I am interested to gain abnormal return.my exerience- making 80k-100k per flip from 500k home is possible, only in CA- Out of state could be a good appreciation vehicle too- the wealth builder is created when we invest in expensive state only (CA/HI) with at least two properties- invest locally is thousand time better than investing outside because of the potential it creates- househacking and ADU is finance freedom LOLBut i develop a strong very atypical thesis also:- there' nothing passive about real estate investment- investing in syndication is more active than direct ownership- the risk of the unknown of unknown is the biggest issue in any real estate- at the end of the day, the probability of we as landlord is hitting problem with tenant/city is like 100% so be prepared- the difference between different type of real estate investment is the unknown factor and that's always the least discussed- strategy is always different depending on macro climate, if mney is cheap leveraging equity is the best, if money is expensive then buying debt is good option- don't chase best return but chase the most understood risk and capital preservation as a goal- not all RE investment has equal return/risk , syndication in multifamily for example is outsourcing all risk to investor while gp makes the most money lol- direct investment is always always better than indirect investment, except in certain asset class and extremely good sponsor that could find a noticeable return/risk reward.- donot follow the crowd, when everybody else is buying then it's good time to sell, vice versa LOL- if the math doesn't pencil, GTFO lol I do not agree with everything in this post but agree with a lot of it so I thought I would add my view.
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6 May 2024 | 30 replies
The law states we can put in a normal account, interest bearing, or surety bond, just as long as it’s a separate account from our operational account.
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4 May 2024 | 4 replies
Normally I say you can find everyone, but many of the sellers were moved/retired out of the country, not easy access to notary, etc. or maybe the die and so that leaves the buyer in somewhat of a difficult situation to resolve.
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5 May 2024 | 3 replies
Nearly all of your normal expenses on a property can be deducted from your TAXABLE income but added BACK to your qualifying income for a conventional loan!
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3 May 2024 | 8 replies
Its a gamble, and the quality of these types of things vary, so we'll see.
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4 May 2024 | 27 replies
For example, a 10-year-old carpet has outlived its normal life and no longer has any value.
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4 May 2024 | 3 replies
. - Short-Term Rental (STR) License - Littleton CO - The shorter the stay, normally the higher the revenue but also higher work with turnover, etc.You'll also want to check zoning laws to see if you can legally have it be a duplex if you move out.
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5 May 2024 | 17 replies
Normal Airbnb rentals that are cleaned between stays always go on Schedule E.