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24 October 2024 | 14 replies
I haven’t done it but I think that type of rental is really smart.
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23 October 2024 | 3 replies
I have worked with a lot of smart people in real estate which has allowed me to become knowledgeable about different areas and types of real estate.
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22 October 2024 | 14 replies
What type of loan are you looking for?
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23 October 2024 | 8 replies
I see a few challenges arising with this type of set-up.If for example, he/she doesn't do a good job or if you no longer need their services or if a conflict arises between landlord and manger.Is their a way to structure the managers pay without bumping in to challenges later on?
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23 October 2024 | 7 replies
Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!
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23 October 2024 | 7 replies
Yes, you should probably look at local banks and credit unions as best options for this type of project
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23 October 2024 | 1 reply
Thanks so much in advance.Asking price: $1,035,000Offered: $995,000Space: 3,920 sq ft $18.53 rent per sq ft = $72,672 CAP rate: 7.3%Lease Type: NNN in Condo building Existing tenant: Dermatologist with other 3 locations in the same city since 2008.
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23 October 2024 | 11 replies
Running a syndication is certainly more work, different types of work, different personal and professional risks.But beyond those risks, your investors are your bosses.
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23 October 2024 | 2 replies
In addition, I do want to get some type of temporary security camera for the property while doing some minor rehab fixes, Are there any suggestions for temporary security cameras?
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24 October 2024 | 11 replies
I'd recommend working with a mortgage broker as they have access to many different types of lenders with various loan programs that could be best suited for you.