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22 February 2025 | 12 replies
I think that if you are serious about doing your accounting and taxes efficiently and effectively for your business, your best bet I would say is a CPA that specializes in accounting and taxes for Real Estate Investors.
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21 February 2025 | 28 replies
An experienced investment team can provide invaluable assistance in finding, vetting, inspecting, renovating, and managing properties effectively in your chosen market.
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21 February 2025 | 17 replies
@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.
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14 February 2025 | 15 replies
As a savings of a few thousand dollars on furniture, could determine if your occupancy rate is 65% versus 70%...If the revenue is $50,000/yr that's $2,500 in one year (which could be the breakeven for that specific line-item expense).To determine you total breakeven point occupancy rate, and not just related to the furniture, take your operating expenses plus your debt service and divide it by your effective gross income.
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30 January 2025 | 6 replies
And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.
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3 February 2025 | 27 replies
Particularly for your first few properties, I'd highly recommend that you manage the property yourself (if possible), but that's usually only possible (or most effective) if you live near the property or visit it frequently.
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29 January 2025 | 2 replies
We don’t know any PMCs to recommend in the Cape Coral/fort Meyers area, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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1 February 2025 | 13 replies
I do ground-up urban infill multifamily development and we are effectively at standstill as far as new projects go.
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29 January 2025 | 10 replies
It is very effective in and of itself so it is something that can be done reasonably cheap without taking a ton of time.https://www.greengluecompany.com/
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25 January 2025 | 2 replies
The president has zero impact on underwriting guidelines and zero direct control of interest rates. in fact the fed has no direct control of long term rates that effect mortgage rates.