Dominic Mendolia
assisted living/senior living
19 May 2024 | 90 replies
We've been looking into acquiring suitable properties with our agent but the issue we're running into is the licensure specs (Maryland) contemplate owning/leasing the property before applying for a license (background - grandfather started the process 8yrs ago but deal fell through - given his professional status he was able to waive many of the licensing hurdles so not concerned about hiccups in the process).
James Back
Eviction Experience/Lessons Learned Cincinnati Ohio
16 May 2024 | 5 replies
When I bought my first few rental properties 20+ years ago, I fell for every tenant sob story.
Victor Omoniyi
Can bonus depreciation be claimed the next year after an asset is placed in service?
16 May 2024 | 25 replies
It depends ;)We discussed it for each client that would have bonus depreciation, and generally it fell into a few different camps:1) We always extend anyways, so we don't care if we wait2) We normally file on time, and the amount of bonus depreciation difference is relatively immaterial, so let's not waste time and fees to extend and have to provide estimates to members - typically this was with less than a few hundred thousand of bonus3) We have too many investors, we aren't going to delay them, we'll file with the 80%4) The bonus depreciation is material enough to us that it is worth it to us to wait.
Dawne Morris
Need Refinancing advice
15 May 2024 | 13 replies
I got laid off for about two months and everything fell behind (except our mortgage, we've never missed a payment always on time) but our credit scores are horrible.
Tristian Kwon
First creative finance deal
14 May 2024 | 2 replies
My VA loan fell through and need to find alternative funding ASAP please help.
Mallory Austin
Should I invest in a home on the "troubled" Westside of Atlanta?
16 May 2024 | 28 replies
I fell in love with the large, beautiful lot and the granite exterior.
Ryan Earl
Selling our house - investors or realtors? (Please Help!!)
15 May 2024 | 35 replies
I got the impression his partner wanted to do financing through them over 15 years and the main investor wanted to buy outright… i assume that’s why it fell through. if we sold the place to an investor, we’d need to sell outright and would need the money upfront (instead of financing).
David Ivy
Austin Market Report - April 2024
13 May 2024 | 0 replies
Inventory is now very substantially above the extreme lows seen in recent years, when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed rate mortgage is sitting around 7.1% interest, which is down a bit from last month, but still well above where we began 2024.
Nathan Frost
Overleveraged Advice Please Help
14 May 2024 | 125 replies
At this point Nathan, I have a pretty good felling that your NOT cut-out to be a landlord and arguably, should sell 100% of your portfolio.
Travis Timmons
Out of state BRRRR-STR - come with me on a stressful adventure
12 May 2024 | 12 replies
Purchase price was $180k, appraisal was $255k for a previous buyer that fell out of contract, initial ARV estimate was $320k - 340k.