Roy Mitle
K1 challenges on syndication
8 October 2024 | 11 replies
Does it depend on whether the CPA selected only “final K-1” or selected both “final K-1” AND “complete disposition” in their software.
Vishal Chandan
Recommendation for a property manager in Florence, AL
7 October 2024 | 2 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
Michael Peters
Vetting Management Companies - Questions To Ask?
9 October 2024 | 15 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
Jeremy Beland
How a 3-Year Real Estate Nightmare Turned into a $300k Profit
8 October 2024 | 8 replies
-------------------------------------------------------------------------------------------------------Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
Dean Valadez
Tenant Turnover Q's: timeframe and cost expectations
9 October 2024 | 16 replies
Most of my tenants leave my place spotless - but that is due to good tenant selection.
Sanil Subhash Chandra Bose
Simple Guide to Conducting a Title Search: DIY Before Hiring a Title Company
11 October 2024 | 7 replies
Select the Suffix as “ST” for street, “DR” for drive etc.
Maria Diaz
contractor best practices
11 October 2024 | 17 replies
Others may be able to assist with the Indianapolis specific regulations but most investors focus solely on cost when qualifying and selecting their contractors but that’s a short sighted approach.
Max Bellino
Anderson Business Advisers Asset Protection
15 October 2024 | 26 replies
I gathered all my notes in a 50+ pages document touching on the formation and maintenance of LLC and business structures, transferring assets, protection strategies, trusts, anonymity, insurance, levels of protection, etc. including when you should do it, how many properties per LLC, due on sale clause, selecting an attorney, fees, checklists and resource materials.Doc: https://www.biggerpockets.com/files/user/CosIorg/file/tritoriam-fileAsset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for complete asset protection OR the domains that need to be intersected to find asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagram (this is more of a joke depicting the nebulosity of asspro rabbit holes).How a fully implemented asset protection layout might look. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structures (overwhelming and overkill for a newbie in REI)PS.
Kokil Sharma
Looking for suggestions on latest US zipcodes that are good for scaling Brrr.
7 October 2024 | 1 reply
I’m not suggesting you can’t successfully complete the BRRRR method but if you are selecting your markets based on where that strategy is most attainable you’re going to make regretful investment decisions because most who chime in will promote markets where you will be able to obtain a favorable cash out refinance while ignoring everything else that supports whether the market has a good underlying investment thesis or has a a more attainable alignment of sale values and appraisal values.
Eric Fichera
Emerging markets with friendly landlord laws
9 October 2024 | 23 replies
Provide a nice place to live, where you show pride of ownership and they will typically respond with taking care of your place.But also, being selective in who you rent to.