Michael Almand
Paying a contractor for a scope of work
28 January 2025 | 9 replies
I would anticipate it would depend on the level of detail you desired but it has been my experience that the will do free estimates.
Cameron K.
Philadelphia 2024 - Top Hard Money Lenders
27 January 2025 | 8 replies
I've had smooth loans close with Kiavi and I've had rough ones, same with Roc.When Loans start to be troublesome:1) The borrowing entity docs are a mess2) The appraisal numbers are lower than expected3) Messy background reports4) Loans happening in an environment where market/rate fluctuating unpredictably 5) Your loan officer and their team are poor at their job6) Title issues that depend on county docs, that can be slow and painfulThere's more but it's Friday and I'm tired....
Michael Ewers
Marketing Strategy Off Market Leads
12 January 2025 | 21 replies
You'll get differing amounts and qualities of leads depending on the type of marketing, but also depending on who you're marketing to and where.
Anita Z.
Real Estate Investor Tax write-offs
10 January 2025 | 16 replies
Also, you don’t need a business license just to look at properties, but if you buy a bigger property, like a multi-family unit, you might need a certificate of occupancy, depending on the local rules.For business trips, most expenses can be deductible, but if it’s part personal and part business, you can only deduct the business portion.
Augusta Owens
Planning my process
9 January 2025 | 5 replies
You could use a HELOC, but with VA loans you have an allotment so you can get loans on more than one home depending on how much bandwidth they give you.
Melanie Baldridge
Did you know this about Gas Stations?
14 January 2025 | 2 replies
The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.
Gregory Schwartz
What is a good occupancy rate for MTR
9 January 2025 | 8 replies
I think this question is dependent upon location.
Janine Sharma
1099 or W2 for onsite MHP property manager?
12 January 2025 | 7 replies
@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.
Alex Patton
Refinance DSCR Advice
31 January 2025 | 16 replies
Rate will also be in the high 9s depending on PPP and credit.
Sophanara Khoeun
New to Investing: Repairman? & Hire or Not to Hire a Property Management Company
31 January 2025 | 10 replies
On top of that, depending on the severity of the structural issues, you will also likely run into problems getting insurance on the property or wind up needing to purchase very expensive insurance.