Patricia Andriolo-Bull
Stessa - 179 deductions
10 January 2025 | 12 replies
My cost basis for my properties are consistently off from my tax returns because Stessa will include everything in the basis even though it shouldn't be.
Qais Attarwala
Advice on furnishings and suppliers for Hyatt Park, Columbia multifamily rental
6 January 2025 | 1 reply
Obviously I want to keep my costs low but still want to spring for amenities that would give me a competitive edge compared to other rentals.
Adedayo Adetunji
Stranger occupied property without consent
8 January 2025 | 5 replies
We get just as frustrated because the system is a bit "broken":(I believe the team is in communication with you about your options - just be sure to also let us know your choice to secure the property to deter squatters as cost-effectively as possible.
Mitch Smith
What we have learned from flipping homes in the San Diego market.
10 January 2025 | 8 replies
We have our own design team, contractors, and real estate agency under one roof, which saves time, cuts costs, and improves communication across projects.
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
Always calculate the cost of failure.
Account Closed
Value Add MultiFamily
13 January 2025 | 21 replies
Hey Account Closed - I highly suggest using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
The proforma's would have been accurate but, what they didn't allow for, is the turnover cost between renters that left excessive damage.
Scott K.
STR insurance - Proper alternatives?
8 January 2025 | 13 replies
It provided loss of use coverage and high liability limits but at less than 50% the cost of the quote I got from Proper.
Tanner King
Analyzing a House Hack (First time buyer)
6 January 2025 | 13 replies
What's your LIVING cost while living there?
Alex Hileman
DSCR Lenders for Under $100k Purchase
6 January 2025 | 5 replies
Quote from @Brandon Croucier: The loans are available but nobody wants to do them.There always seems to be something wrong with the properties, as lenders we just can't make enough $ for our time.9/10 Borrowers also complain about the "excessive fees" for the loan amount.If you are okay with paying 8k in closing costs then the loan is available.