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20 October 2024 | 6 replies
i.e. deductible for a roof replacement or replacing an HVAC unit or replacing a hot water heater?
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24 October 2024 | 18 replies
Buildium offers comprehensive property management and accounting features, so many users find it sufficient to replace QuickBooks.
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24 October 2024 | 16 replies
Your plan sounds well thought out Cory!
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25 October 2024 | 14 replies
So, if you don't have experience managing rehabs, it doesn't sound like it would make sense.
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27 October 2024 | 13 replies
We can see where I might be able to help you make some sound decisions as you move forward.
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29 October 2024 | 23 replies
It sounds like you are putting the horse before the card and are more interested in scale than foundation.
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29 October 2024 | 15 replies
. $200 per unit doesn't sound all that bad though.
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25 October 2024 | 13 replies
My properties are based in Columbus so most of the area codes calling me are from there but it sounds like others are getting calls from other places.
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22 October 2024 | 10 replies
Hi there,Congratulations on starting your real estate investing journey and completing the rehab on your Detroit property It sounds like you've done a lot of work and are now at a critical decision point.First, let's break down your situation:- You've already done major rehab and have a tenant in place.- You analyzed the hold option and know it can cash flow.- The property is not getting much traction as a turnkey, and your hard money loan is maturing soon.Here are some key things to consider:**Refinancing with a DSCR Loan:**- DSCR (Debt Service Coverage Ratio) loans are great for investors because they focus on the property's cash flow rather than your personal income.- Make sure the property appraises for the calculated ARV (After Repair Value) to get the best loan terms.- Consider the loan terms, interest rates, and any prepayment penalties.
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21 October 2024 | 8 replies
Major items include clearing overgrown shrubbery, replacing doors, fixing up the deck, getting a pond running again, and removing an in-ground hot tub.