Denise Carringer
Owner financing payment tracking app?
21 January 2025 | 18 replies
Quote from @Beth Johnson: We pass all loan servicing charges through to the borrower including set-up fee, monthly fees, and any servicing charges such as payoff demand generation, and loan close out fees.
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.
James Ory
Trying to Learn
30 December 2024 | 4 replies
Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.
AJ Satcher
Single HVAC System In a home with 2 units. Smells go right through duct-work!
15 January 2025 | 2 replies
I know hosts have included additional cleaning fees for violations as a deterrent.If none of these solutions work, you could look into completely independent HVAC systems for the two units, though that would be a bigger upfront investment.
Aldo Valeriani
Help Needed: Stop Work Notice in Covington, GA for Fix-and-Flip Property
17 January 2025 | 2 replies
Some of those included those previously mentioned windows.
Lauren Ruppert
Can an LLC (sole proprietor) sell a property to an LLC belonging to a son/daughter?
20 January 2025 | 4 replies
Whether it's considered an arm's length transaction is debatable, but it's not illegal.Move forward with the sale and ensure full transparency with all involved parties, including your CPA.
Account Closed
Will a seller financed deal show up on buyers credit or considered on debt to income?
14 January 2025 | 7 replies
It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?
Dave Schimmels
Investment for beginner
15 January 2025 | 6 replies
Purchase price: $85,000 Cash invested: $33,000 Cash flow is after all expenses including vacancy, maintenance, and capx deductions.
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
This includes structural components of the building.
Vincent Plant
Hard Money Costs Too Much?
13 January 2025 | 15 replies
He said that typically in flip deals its around 30-40% down but if construction was included it would be about 30%.