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Results (10,000+)
Vaibhav Bakre Maintenance repair costs for a 40 years old house
10 November 2024 | 2 replies
when underwriting a property a good rule of thumb would be to set aside ~5% gross income for each Cap Ex, maintenance, and vacancy. (15% total)I dont know much of the market in TX but in central MA i work with a lot of investors that are interested in acquiring multi family properties so that's mostly what i deal in. 
Melanie Baldridge "Does the IRS require site visits for cost segregation studies?"
13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.There's this thing called Hierarchy of Tax Authority that CPAs and Tax Attorney's reference.Let's not get too carried away with comments like, It serves as a guide and cannot be used, cited, or relied upon as an authoritative source....
Isadore Nelson Rental Demand Philidelphia?
11 November 2024 | 20 replies
Alternatively, you can offer more such as central air when the competition doesn't have it.Avoid areas with a lot of new rental deliveries.
Kyle Souza Qualifying for Small Multifamily Loans
13 November 2024 | 23 replies
Will be interesting to see how 2025 plays out. 10 yr rates are still over 4 and spreads are not coming down quick enough to rescue people who bit off more than they can chew.Good luck with your MHP, we like that product a lot and have a deal in Central Valley, CA! 
Beverly Lafia Nightmare Tenants that is always pushing the boundries
8 November 2024 | 17 replies
They probably flag a small percentage of bogus ESA authorizations but just using them discourages bogus ESAs 2) require all ESA authorizations be AB468 compliant.  
Sahara Faughn Please advise - Covid-19 partial claim, Preforeclosure auction and home sale
14 November 2024 | 12 replies
Persistence in reaching a supervisor or someone with decision-making authority can sometimes yield better results.Contact HUD and Explore Options: Immediately follow up with the HUD counseling representative.
Andre Brock Any experience on hiring a rmlo?
8 November 2024 | 5 replies
The process is getting allthe information together like the 1003, credit authorization form, bank statements, income statements etc. they will underwrite the file and confirm the borrowers ability to repay.What state is this in?
Taylor Koutroumbis Has anyone had success with Section 8 in Tampa?
6 November 2024 | 6 replies
We have done section 8 in a couple of markets and been happy with it, but the Tampa Housing Authority has been very hard to get a ahold of and I can't seem to figure out how to even enroll my homes in the program.
Steven M. Individual septic for each mobile home good or bad?
7 November 2024 | 7 replies
My initial question is… Is it good or bad to have individual septic for each mobile vs one big central unit??