Jerry Zigounakis
Best Growing Markets To Invest In
24 January 2025 | 13 replies
-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Unal Baris Kancoglu
HVAC is red-tagged. Need to replace it as quickly as possible.
15 January 2025 | 11 replies
We typically pay somewhere in the range of $3500 for a new, basic furnance, including install, if there are no other modifications to the system required.
Chris Magistrado
Start with Buyer list or Seller list?
17 January 2025 | 4 replies
Unless you find a buyer with a very specific criteria who is willing to pay above the typical 70% - repairs.
Michael Overall
DST or other mechanism
20 January 2025 | 3 replies
The typical DST that an informed investor would seriously consider is only available for 80-120 days.Happy to chat nuances if you’d like to DM me.
Darien Hernandez
Private Lenders: What Returns Do You Expect on 1st Lien Owner-Financed Deals?
16 January 2025 | 5 replies
What kind of returns are you typically seeing on these deals?
Stacie Telles
Refinance on Investment Property
21 January 2025 | 6 replies
This will typically be a DSCR loan up to 75% of the new value.
Lau Cor
Putting the investment in an LLC
21 January 2025 | 4 replies
Conventional loans are typically in your personal name, while investment property loans, like DSCR loans, will need to be in your LLC's name.
Account Closed
PM needs ss#
22 January 2025 | 14 replies
- Of course, most of these PMCs weren't even properly licensed and were typically one-person companies.If you have an LLC, the PMC will only need the LLCs EIN.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
26 January 2025 | 10 replies
You can typically change the way the entity works - may or may not make a tax difference, but you're only 6 months in so I imagine you're showing a paper loss anyways?
Erica A.
Renters Stackable Washer and Dryer
26 January 2025 | 0 replies
The current one lasted 8 years and needs to be replaced (as per what our property manager is saying)I heard front loaders could leak, so I typically only do top loaders for rentals.