John McKee
Don't forget to file your BOI Reports by the end of the year
27 December 2024 | 6 replies
However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, we have extended the reporting deadline as follows:Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN.
Diana Teng
Should I Buy My First Rental Property Out-of-State If I'm Unable to Scout the Area?
2 February 2025 | 55 replies
A good PM can assist with initial analysis and either help you buy or knows someone who can help you buy.
Lilia Matlov
Multi-family Residential Renovation and Restoration
29 December 2024 | 0 replies
Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000
Justin Silverio
BiggerPockets + Invelo - Here's what you get
9 January 2025 | 43 replies
All users are initially signed up on the Starter plan, which is free and what you have access to initially as a BP Pro member.
Deirdre Lizio
Should you pick a property manager based on price or service?
17 January 2025 | 23 replies
You need to log everything to protect yourself from any liability.Going back to your initial question--price is subjective.
Jamie Parker
Vacant Lot Purchase
8 January 2025 | 7 replies
.)- All in Cost = Cost to build * Square foot - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost accounts for agent fees and closing cost- Initial List Price = Sales price + 10% A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.
Tanya Maslach
Who pays - Landlord or tenant?
11 January 2025 | 15 replies
Since it is explained clearly in the contract terms, (managing expectations there), the PM's initial response to the dispute was to reference that language.We found out about the dispute after the tenant had repeated her dispute 2x -- and the property mgmt asked us what we wanted to do.
Michael Challenger
First Time Home Flipper Looking to Connect w Lenders
10 January 2025 | 12 replies
Even if I am to not be taking home the lion's share of initial deals, I'd like to still be building some capital for future dealings.
Portia Dampier
Seeking Advice on Coaching/Mentor Programs for Real Estate Investing
3 January 2025 | 10 replies
I personally did not subscribe to paying for coaching in the initial phases, i believe there is plenty of free content and also books out there that can coach the early steps.
Karma Abdula
Poly Fix and Flip
31 December 2024 | 0 replies
After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.