Corey Crowley
Question about cash out refinancing
15 October 2024 | 12 replies
The settlement agent conducting the closing will be able to share what options there are to accomplish this (quit claim, straight transfers, etc.).
Chris Seveney
Spotting an investment that will not end well
11 October 2024 | 7 replies
I am willing to go so far as to say they intentionally are seeking investment sources who don't have the means or sophistication to conduct appropriate diligence.Sadly social media has made it far easier for these bad actor capital raisers to get in front of their target audience with ease.
Rebecca Morris
Extremely new at all of this
14 October 2024 | 14 replies
Networking can provide valuable insights and opportunities.7) Get Pre-Approved for Financing: If you plan to buy property, secure financing by getting pre-approved for a mortgage or exploring other funding options.8) Start Small: Consider beginning with a smaller property or investment, such as a single-family home or a small multi-family unit, to minimize risk.9) Conduct Due Diligence: When you find a property of interest, perform thorough inspections, research the title, and assess potential for appreciation and cash flow.10) Take Action: Once you're ready, make an offer and start your real estate journey.
Abhishek Singhal
Property manager refusing to provide receipts of repair
12 October 2024 | 15 replies
My property manager is declining to provide a receipt of the repair that he/she conducted.
Jonathan Ludizaca
Looking to start investing
9 October 2024 | 5 replies
By leveraging an FHA loan and conducting thorough research, you can position yourself for success in the Wilkes-Barre/Scranton/Allentown area.
William C.
Cost seg study, but also had major repairs. Best way to handle for taxes?
10 October 2024 | 9 replies
For your situation, since you've conducted a cost segregation study and are using 80% bonus depreciation, you can maximize deductions by categorizing the bathroom renovation as a repair expense if it qualifies, rather than capitalizing it.
Virginia VanOeveren
TIPS on how to be a reliable and trustworthy PML...
9 October 2024 | 1 reply
To be a reliable and successful Private Money Lender, focus on building strong relationships with borrowers and real estate professionals, thoroughly assess each investment opportunity by conducting due diligence on the property and the borrower's financial background, and establish clear lending criteria to mitigate risk.
Peyton Culberson
Managing Your First Rental
11 October 2024 | 13 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
Andrew Cosme
Next step in Seller Financing
8 October 2024 | 2 replies
Make sure to conduct a title search to confirm the seller has clear ownership of the property.
Account Closed
11 Ways to Find Off-Market Properties For Sale
10 October 2024 | 0 replies
Always have your business cards handy and be ready to follow up on leads promptly.Work with an investor-friendly agentRather than conduct a search independently, work with an investor-friendly agent (or multiple real estate agents) who can keep their eyes open for off-market properties.