Account Closed
I now get why everyone doesn’t invest in RE!
11 October 2019 | 118 replies
But something about these exchanges -- little bullcrap issues that would necessitate super long texts or hysteric phone calls, then trying to solve these little problems with professionals I don't have a good relationship with and couldn't personally manage.
Nick Ferrari
Strategies on increasing tenant rent
19 June 2019 | 18 replies
A: Here is some of the backup justification that went into consideration of this decision:-Property taxes and insurance rates increase every year necessitating an increase in rental amounts in order to continue to maintain your home.
Pete Frederick
Are 30 year or 15 year mortgages better?
7 July 2019 | 9 replies
In the end, a 15 year loan is cheaper than a 30 year but necessitates higher monthly payments and lower monthly cash flow to meet the shorter term.
Richie Thomas
Earning my license solely for MLS + lockbox access?
11 July 2019 | 3 replies
I'm happy to give up the 3% that I would have saved being my own agent, and give that to an experienced realtor (especially one who often works with investors), so I can focus on the above.However, I'm aware that this strategy will necessitate hanging my license with a real estate broker, and I assume that this broker will expect their licensees to meet sales targets.
Shiloh Lundahl
What is your HONEST OPINION of my investing model?
12 July 2019 | 79 replies
Not to mention the HUGE assumptions:The market doesn't move against you over the years.The currently non viable buyer becomes viable over the next couple of years (this is frequently just not going to happen).The occupant doesn't wreck the property while occupying it, necessitating rehab #2 before it can ultimately be sold to someone else or rented again.I also cringe when I see things like "tenant takes care of the repairs".. because they presume that they'll be owners someday.
Calvin Brock
Why would an existing property management company seek financing?
2 July 2020 | 2 replies
Once you get enough clients to necessitate hiring another person you have enough resources to pay that additional person.
Tim Stolt
Equitably Combining two LLCs
21 July 2020 | 4 replies
This would have resulted in two LLCs with the same three partners, one necessitated by the 1031, the other being our main acquisition company.
Alex Alleva
Long term tenant way below market rent
4 February 2020 | 5 replies
I would have a talk with the lease holders and let them know what market rent is and find out about their financial situation (maybe they really aren't strapped and market rent wouldn't be an issue); In any event, I would raise the rent moving foward to keep up with inflation and additional costs and of course if your buyout necessitates that you bring in more money then you must raise the rent at least to where the deal makes financial sense for you regardless of the tenant's situation.
Alecia Loveless
Does shared furnace necessitate rent discount?
10 February 2020 | 6 replies
Hi. I recently bought a duplex and the two sides share a furnace. I live in the side without the furnace which provides both heat and hot water. The two units are separately metered for electricity. Currently the othe...
Ralph Lauren
How will the quarantine effect next years taxes?
22 April 2020 | 1 reply
The ever growing budget deficits may necessitate increased tax rates in the future to address our the growing imbalance.