Account Closed
What are your margins using a GC?
22 June 2016 | 4 replies
We are wanting to increase the number of concurrent projects which necessitates using GCs in addition to our own crews.
Rickey Wallace
Behind in taxes
23 November 2016 | 15 replies
It's a clue and reason to be on your list of targets.However, as David mentions, most are paid (late) without necessitating a sale.Now, if you combine your tax list with other triggers such as foreclosure and probate, etc. you can build some pretty incredible motivated Sellers.
Travis Elliott
Thoughts on what this park is worth? i need to make an offer
18 September 2016 | 33 replies
Here are three things that drive operational costs up when dealing with rentals:Much higher turnover of tenants necessitating a much higher overhead for advertising, marketing, screening, and rental conversation times; Much higher costs because of necessary maintenance and refurb upon vacancy as well as more hours related to rent collection issues;Insurance costs (if correctly insured) will be much higher for PD and especially for liability.Experienced community buyers know this and far more and will be less likely to bid on the community if it comes up for sale.
Dan Green
WHOLE SALING USING THE 70 % RULE
17 February 2017 | 9 replies
Flippers will soon let you know if their holding costs would necessitate a further discount!...
Karen Swinger
1st Wholesale Deal Netted $10,000 Profit
5 January 2019 | 9 replies
You'll need a simple 2-page contract with the seller (A-B) and then the assignment contract with the end buyer (B-C); or you have the option of doing a double-close which would necessitate 2 separate contracts.
Carolyn Hodo
Taxes on rental property with fiancé
10 October 2018 | 15 replies
Splitting income and expenses might be deemed a general partnership and necessitate a 1065 obligation.Won't matter after you're married....I imagine you are the only person on the insurance policy, on the mortgage note, and on the county tax assessment as well as the title....
Nina Singh
How to approach a condo conversion for 2-unit new construction
8 November 2021 | 7 replies
That's why I'm trying to understand condo conversion, which by my understanding doesn't necessitate the splitting of the lot/land.
Alejandro Lee
is an LLC really necessary?
27 February 2019 | 10 replies
The majority of small landlord and small business owners I know that do have an LLC, co-mingle their LLC and personal accounts (credit cards, utilities, etc.) so much that a judge would not hesitate to allow the veil of an LLC be pierced.I have also witnessed evictions halted because the tenant pointed out to the court that landlord held the unit in an LLC, necessitating the hiring of a lawyer.I personally would not feel it is necessary for a small portfolio.
Jason Krawitz
Door Knocking Today - Results
11 July 2020 | 37 replies
Except that this foreclosure of the first would necessitate a public sale at which the bidding for a $500k house needing virtually no repairs would go much higher than $300k.
Nathan Barilka
Advice on Property in CT After Retirement
20 November 2018 | 6 replies
Keeping the house in CT. while moving to another part of the country would necessitate a property manager.