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4 February 2025 | 24 replies
to save costs, and responses sometimes took weeks.
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11 February 2025 | 2 replies
I was able to qualify for about $95k in 0% business credit cards (for 12 months), I then liquidated the cash and used a portion of that to obtain the hard money loan that covered the balance of the purchase cost.
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12 February 2025 | 5 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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29 January 2025 | 2 replies
If you no longer have business operations in the old state, forming a new LLC in the new state and dissolving the old one may simplify compliance and tax obligations.Some states impose franchise taxes and annual fees that could make one option more cost-effective than the other.
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12 February 2025 | 6 replies
Not sure what your monthly cost is, but every vacant month it costs a lot trying to make that up.
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5 February 2025 | 8 replies
The challenge with unsafe areas is (1) potentially higher cost of maintenance such as broken windows, etc. and (2) this is by no means meant to be discriminatory but anecdotally from people I've spoken to the challenging tenants tend to be at the lower price points.
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29 January 2025 | 5 replies
If you paid $950k and only get $1M after selling costs, don’t bother with the 1031.
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5 February 2025 | 28 replies
Finding durable products at reasonable costs.
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12 February 2025 | 0 replies
I have yet to do a 1031 exchange or a cost segregation study (I'd like to see how this plays out long term when selling or doing a 1031 exchange into a different property) or expense business travel/mastermind/classes.
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8 February 2025 | 14 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.