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8 October 2024 | 12 replies
Before hiring cleaners for our pet-friendly properties, we have a conversation to ensure their quote accounts for cleaning up after pets.
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8 October 2024 | 5 replies
Your accountants will love you and hate you as they love you because they will charge you a fortune but despise you when you do not put money in and out properly.
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8 October 2024 | 9 replies
So that comes out to be $40K per home in the end.But during the DD, I've found instead of 40 vacant pads, only 35 vacant pads are usable, so there is a loss of 5 spaces for me.What is a FAIR way (to both sides) of reducing the purchase price to account for the missing 5 vacant pads?
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5 October 2024 | 9 replies
I'm a University of Maryland student studying business and about to go into my senior year.
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8 October 2024 | 10 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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8 October 2024 | 0 replies
It may also affect rental prices, as landlords try to offset these costs.Rent Adjustment: During inflationary periods, mid-term rental strategies should account for shorter leases, which allows for quicker rent adjustments to match rising costs.3.
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9 October 2024 | 12 replies
Working with a team that does all this in house is essential because there's a level of accountability that comes along with it.
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7 October 2024 | 6 replies
Know the lenders requirements for the loan types you will need.For instance you may find you need to have liquid cash of 9 Months P&I and 100% of the loan amount as your personal net worth in order to avoid personal guarantees on the loan, and your retirement accounts may not count towards your liquidity.Know the requirements of the loan products for the apartments you want to buy.There are no books for that, that I know of--just lenders info.Because without that all else is just scholastic exercise.Good Luck!
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4 October 2024 | 27 replies
Hey Jimmy,2x Los Angeles house hacker here (and a case study in the BP book, The House Hacking Strategy).In terms of age, it can make a difference but it comes down to what work has been done.
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3 October 2024 | 0 replies
In fact, according to a recent study, regulation “imposed by all levels of government accounts for an average of 40.6 % of development costs (NAHB, O’Leary).”