
24 November 2024 | 10 replies
Here are some basic facts:Initial cash invested: $120kYear 1 Cash Flow: $12.3kYear 2 Cash Flow: $8.6kYear 3 Cash Flow (YTD, 3 months left in year): -$4.5kCurrent equity estimate (net of expected selling costs): $102KMortgage rates at or below 3.75%CapEx uncertainty: HVACs will likely require replacement within the next 5 years and one of the roofs is nearing 20 years old.Market is the Huntsville, AL area.Underwriting hurdle when acquiring these properties was 10% CoC return annually.With a 10% CoC return after Year 1, I felt good about this investment.

22 November 2024 | 33 replies
You are required to close if the assignee doesn't.Saying attorneys are ignorant of the law is hubris in the extreme.

25 November 2024 | 23 replies
How many mail pieces do you feel is required for a good statistical sample.Account Closed What kind of equipment did you use in your setup?

22 November 2024 | 4 replies
There are lenders out there that will lend up to 50% of the AV with no minimum credit score requirements.

28 November 2024 | 184 replies
She didn’t know what caused the fall, but said it has caused memory problems.LawsuitsThe New Braunfels businesswoman has boasted that she earned more than $10 million buying manufactured homes on the cheap, fixing them up and flipping them.

26 November 2024 | 13 replies
The IRS typically requires the property to be placed in service as a rental property before you can start claiming depreciation.Once the property is converted to a rental and placed in service as such, you can then conduct the cost segregation study and claim depreciation on the rental portion of the property.

22 November 2024 | 7 replies
For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.

25 November 2024 | 13 replies
If the building is currently recognized as a single family residence, then you are changing use and presumably will need to sprinkler the building and satisfy other fire rating and STC rating requirements not to mention the added costs of having to run mechanicals for multiple units, multiple kitchens, additional bathrooms etc.

25 November 2024 | 7 replies
@Charlie Martin Buying under an LLC offers liability protection and separates business finances, but it can complicate financing with higher rates and stricter terms, and lenders may still require a personal guarantee, impacting your DTI.For your first property, consider purchasing in your personal name for better loan terms and transferring it to an LLC later if needed, while using strong umbrella insurance to mitigate risk.