Account Closed
Ashcroft capital - Paused Distributions
29 April 2024 | 248 replies
I know a retail syndicator who takes a percentage of the property (15% about) on every deal as their interest/payment up front, they then buy an additional 10% with their own money so they have 25% skin in the game of the properties, They take no fees, no acquisition/disposal/asset management, no cash split, no preferred distributions etc, but their property management company does manage the property for the 10 years of the loan, for about 3% fee which is less than the big CBRE/JLL etcs charge i think, usually 5-6%.
Noah Condon
Starting a House Flipping Business
19 April 2024 | 16 replies
We have a line of credit that funds the rehab costs. 1, Form an LLC if you have not already. 2,Track all of your expenses accurately. 3,Talk to a CPA about what you need to track and how (Ex: new appliances for a home are taxed differently than flooring or paint, insurance, Mileage, disposables, tools, etc.)
Kelly McClellan
Rejected by a turnkey operation - Ohio Cash Flow
20 April 2024 | 34 replies
From purchase to management and disposal.
Pratik Jhaveri
Can you pass through rental income loss using an LLC?
18 April 2024 | 8 replies
Based on my understanding, all you can do is carry-forward the loss till you dispose off the property.
Jarrett Fogelman
What’s your views on getting Solar Panels?
18 April 2024 | 27 replies
And once worn out, wildly toxic to dispose of.
Jacob Lopez
Tools/programs you recommend for calculating monthly rental estimates?
16 April 2024 | 16 replies
I have been diligently reading, studying, and beginning to practice analyzing cash flows of properties within Chicago and some Chi suburban areas.While I try to use whatever tools I have at my disposal and also be conservative with my numbers while analyzing properties (vacancy percentage, expenses, etc) I believe that in some areas of my analyses, I may not be getting the most accurate information.For everyone out there, where do you get your rental estimates by location?
Alex SImon
Ohio Cashflow LLC
21 April 2024 | 240 replies
Being a family without a large disposable income, like we had before children, we had to make a very considered choice of where to invest our funds.
Selina Giarla
Where Are The Deals!?
18 April 2024 | 87 replies
If you work so much, you should have some disposal income to use for marketing, no other choice.
Timothy J Wagner
Any Tips or Admonishments from experienced wholesalers?
12 April 2024 | 7 replies
You need to have a person to dispose the property for you, someone who has a connection to cash buyers and flippers.
Arthur Schwartz
How do rental losses work if income is over $150?
11 April 2024 | 9 replies
If your income is above $150,000 and you are not eligible to claim real estate professional status, your rental losses become suspended into a future year.The suspended losses can be utilized in one of a couple ways1) You dispose of the property2) You generate passive income from this property or another property