Julio Gonzalez
Cost Segregation Study Approaches Explained
31 December 2024 | 0 replies
These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.
Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 replies
Rental income and expenses, such as mortgage interest, property taxes, repairs, and depreciation, can be reported on Schedule E of your personal tax return, regardless of ownership structure.
Jesse Streng
Detroit Property Manager
4 January 2025 | 20 replies
* Do you provide move in and move out reports * How many pictures do you take of the property prior to tenant moves in and after the tenant moves out* Do you get weekly reports when the property is vacant what prospective tenants are saying about your home* Do you provide monthly newsletters to your tenants* Do you hold investor education classes to help me become a better investor* Do you have single point portfolio based management services?
Zach Howard
Are we allowed to post zillow links here for feedback/analysis on potential deals?
10 January 2025 | 12 replies
@Zach Howard if you're serious, you'll get a Pro Membership so you can access the analysis reports here on BP.You can then share those and ask for feedback:)
Clare Pitcher
Flat Rate vs. Percentage Based Managment Fee
30 January 2025 | 19 replies
No, I'm not in there day-2-day at all, but I am at national HQ in a Senior role so I do see there reports and #'s, there not struggling at all.
Rachel H.
Unresponsive Tenants - Help!
4 January 2025 | 4 replies
That's their required performance as well as maintaining the property/reporting issues.
Sarah En
First-Time Landlord Seeking Advice on Rodent Prevention and Repairs
3 January 2025 | 3 replies
I ensure that my properties are free from pests and will address any issues that are reported within the first 30 days of moving in.
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.
Taylor McClure
I’ve heard of buying pre-foreclosures, anyone have experience?
15 January 2025 | 8 replies
It is an advanced technique that requires expertise and being well funded.Also, once someone has received a notice of foreclosure, it shows on his credit report as a foreclosure and you can Not save his credit by buying the house before the auction.
Austin Wolff
Does Oklahoma really have the highest insurance in the nation?
11 January 2025 | 15 replies
no reports of incidents with our residents but there were some people injured and some homes damaged.