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11 February 2025 | 4 replies
I suggest focusing on properties that need cosmetic work in order to reduce overall risk, while keeping access to a good ARV.
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9 February 2025 | 8 replies
A standard 1031 exchange requires that the same entity selling the property also acquires the replacement property, which becomes challenging when proceeds are split between partners.Potential Strategy: "Drop and Swap"One approach is the "Drop and Swap" method:- Convert Ownership: Before the sale, the LLC distributes the property to the partners, converting joint ownership into individual tenants-in-common (TIC) interests.- Individual 1031 Exchanges: Each partner can then independently conduct a 1031 exchange with their share, deferring capital gains taxes by reinvesting in like-kind properties.Considerations:- Timing: The IRS may scrutinize transactions where the "drop" (distribution) and "swap" (exchange) occur in quick succession.
10 February 2025 | 8 replies
I had access to a legal and compliance team to assist in doing such, as well as my background in contract law.
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10 February 2025 | 13 replies
That's why you see so much trapped equity in properties owners cannot access.
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31 January 2025 | 6 replies
I'm curious as what y'all consider to be the minimum criteria for approving a tenant, assuming you don't have access to professional tools.
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30 January 2025 | 19 replies
I've lost track of how many doors we've acquired from them.
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28 January 2025 | 14 replies
I have access to AirDNA and it has its shortcomings.
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27 January 2025 | 1 reply
•For example, a listing with three price drops and 180 days on the market would be weighted less than one with 30 contacts, no price drops, and a quick removal after 30 days.3.Open Data:•Provide direct access to each comp’s details: price history, leasing schedules, photos, and even links to the original listing sites—all without leaving the platform.These three issues have been my biggest frustrations with current tools, and I’m building this out for internal use in my market.My questions to you:•Is this something you would want to see in your market?
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8 February 2025 | 6 replies
If you're considering mobile homes, the first step is checking zoning laws and utility access since some areas have restrictions.For resources, Mobile Home University is a well-known starting point, and local mobile home dealers can offer insights on placement and financing.If mobile homes are allowed, you could either rent them yourself for higher returns but more management or rent out the lots for steady cash flow with less work.
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2 February 2025 | 6 replies
The reason why, you're likely going to have issues with raising rents on your newly acquired tenants.