Chris Summons
Contracts for Sub Contractors to Sign
14 January 2025 | 4 replies
I encourage you to consult with a qualified attorney to ensure this agreement complies with applicable laws in your area.
Ethan Borshansky
Can you 1031 Exchange into capital improvements?
2 January 2025 | 5 replies
You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Sometimes, properties owned by non-profits have deed restrictions, zoning conditions, or agreements tied to their use.Tax Considerations: Non-profits often hold tax-exempt status, so you’ll need to ensure that taxes are assessed correctly once ownership transfers to you.Potential Public or Internal Scrutiny: If the transaction appears to undervalue the property or is perceived as exploiting a non-profit’s resources, it could lead to reputational risks for you or the organization.
Vijay Radhakrishnan
Positive experience with Rent to Retirement
9 January 2025 | 4 replies
@Zach Lemaster and his team was super helpful, supportive, and knowledgeable which ensured a super smooth purchasing process!
Carlyn Chism
Hard Money Lenders - Low Credit Score Refi options
14 January 2025 | 4 replies
This is how they ensure the work is completed and the project is staying on budget.The questions you should be asking are what is the draw process.
Fareen E.
Start lease on closing date or the day after?
10 January 2025 | 11 replies
This ensures a clean transition of ownership and responsibility for insurance purposes.
Samuel Coronado
Looking at another park
13 January 2025 | 8 replies
Verify its condition and ensure the seller discloses any known issues.
Joshua Middleton
Seeking Feedback: Luxury Rental Investment Strategy for 4 Bed 2 Bath, Palm Coast FL
11 January 2025 | 4 replies
I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.
Burke Atkerson
Excited to finally join the community!
13 January 2025 | 4 replies
These experiences shape my growth-mindset and value-first orientation, ensuring I bring a unique perspective to every deal.Personal Insight:As a father of six, I understands the importance of balancing family values with sound investment strategies.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
13 January 2025 | 114 replies
Because I'm not an accountant or versed in tax code and law wouldn't I want a CPA to ensure everything is legally tight and as advantageous as it can be?