Albert Johnson
Can I charge tenant for clog drain
16 December 2024 | 9 replies
The water may be backing up from another fixture that is not draining properly.
Saika Maeda
ADU permit or not; financial implications
20 December 2024 | 27 replies
There are various other items that may come up such as: Proper firewall suppression, adequate entrances/exits for fire safety, stair safety, size of kitchen appliances, etc... for my specific example.
Ashley Wilson
2025 Goal Setting Tips for Success
22 December 2024 | 0 replies
While not every mentor is a guaranteed path to success, proper vetting through referrals, review of a mentor’s track record, and alignment between the mentee and the mentor can shine some light on whether or not this relationship is a good fit.
Jeff Skinner
New Investor Ohio
1 January 2025 | 14 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Will Reed
Roots in Pipes
19 December 2024 | 7 replies
You can try your luck to see how long it’ll take for the roots to re-grow, but be prepared to eventually make the proper repairs.
Chris Menne
Should I Sell or Rent Out?
3 January 2025 | 18 replies
You don't need to use a title company and pay fees, you just need to proper paper work and quit claim deed.
Nicholas Woo
what are your thoughts using Anderson advisors?
23 December 2024 | 30 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
William Bohan
Long term landlord approaching retirement looking to maximize income
31 December 2024 | 18 replies
If you've already reached that end - ie if $4 million is enough principal to create residual income that you won't outlive - then I don't see any good reason to be buying out-of-town properties that then have to be managed properly to preserve your investment.
Arthur Crum
RAD Diversified SCAM ALERT!!!
17 January 2025 | 238 replies
Quote from @Alan David: Inner circlejerk for thec few who hsvent been nripped off.........yetYour not “ripped off” if the investment parameters and risks were properly disclosed and you chose not to read the disclosure materials.
Denise Lang
Starting our investing journey. But how to that that out of my home state?
2 January 2025 | 36 replies
Numbers don't work in Huntsville or Madison proper right now.