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3 December 2024 | 6 replies
@Francisco Pineiro To protect yourself when working with contractors:1.Start with a Clear Scope of Work (SOW): Ensure every detail of the project is outlined in writing, including materials, timelines, and deliverables.2.Use Milestone Payments: For a $40K rehab, consider this structure: 10% upfront, 30% at halfway completion, 30% at 75%, and the remaining 30% upon full completion.
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1 December 2024 | 4 replies
There are two main approaches to getting started with Section 8.
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3 December 2024 | 3 replies
We have an STR in Swannanoa that wasn't damaged and have had several week+ long bookings since the storm (including Army Corps of Engineers, etc).
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5 December 2024 | 10 replies
@Bryan Cavellier, You can 1031 with any US property including Guam, the USVI and ...drum roll- The Northern Marianas Islands (go figure but I actually had a realtor from there in a class of mine recently) into any other US or one of those territories. 1031 is a federal statute so it's applied the same in all locals with just a few variations state to state at the state level.
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2 December 2024 | 3 replies
@Dennis GallagherIt's my understanding that the "Income-Expense Ratio" primarily use operating expenses as the expense variable, which includes costs like utilities, property taxes, insurance, maintenance, repairs, property management fees, and trash removal, all of which are considered when calculating a property's operating expense ratio (OER).You calculate OER by dividing the total operating expenses by the gross operating income of a property.
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30 November 2024 | 9 replies
In my experience strictly med buildings are generally developed in the same way as part of a campus or off the path a bit from the main retail corridor, so it really is only suited for that use.
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5 December 2024 | 12 replies
When working with private lenders, the costs for preparing loan documents can vary based on a few factors, including the complexity of the loan, the attorney’s experience, and the geographic location.
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5 December 2024 | 11 replies
Data Analysis: AI can process copious amounts of data, including market trends, property values, neighborhood demographics and economic indicators.
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4 December 2024 | 12 replies
To answer your original question - I include the video on VRBO (there is a place to put the link there) and I also have a YouTube channel for my videos.
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7 December 2024 | 9 replies
Is there any evidence or support I can include to make my letter of intent more credible?