Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
A solid pre-screening of the contractor upfront that spells out the expectations should somewhat reduce or eliminate the question of one side bailing out on the other.
Bao Vu
Question regarding Tax on a Flip
12 December 2024 | 10 replies
@Bao Vu The purchase price and related expenses from 2023 should be included in the cost basis for the flip sold in 2024, reducing your taxable gain.
Renee Coss
Should I convert my garage into ADU for a Short Term Rental?
11 December 2024 | 14 replies
This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.
Griffin Malcolm
Are Solar Panels Worth It?
5 December 2024 | 34 replies
However, for a commercial property or a commercial residential (5+ unit) property value is based on the income approach and reducing expenses in this case by producing electricity factors into that math and very well might increase the valuation enough to make sense.
Elise Bickel Tauber
The TRUE cost of renewals and how to save yourself thousands!
3 December 2024 | 0 replies
If not, then serve the non-renewal and prepare to turn the unit as efficiently as possible to reduce costs and vacancy.
Paul Cijunelis
Started a new PM!
5 December 2024 | 4 replies
It reduces the “bouncing ball” effect of tasks being passed between departments.
Celine Li
"Which out-of-state cities are good for investing now?"
16 December 2024 | 23 replies
If you work a day job in addition to your plans to pursue real estate in this way, then focusing in 1 city/MSA will drastically reduce your time spent focused outside your job, allowing you to keep your income high, your job safe, and your problems simpler.
Saika Maeda
ADU permit or not; financial implications
20 December 2024 | 27 replies
@Saika Maeda Permitting the ADU allows you to claim depreciation, operating expenses, and other tax deductions, potentially reducing your taxable rental income.
Benjamin J Thompson
AI Analysis Tools? Which is best and why? Anyone using any of these and why?
5 December 2024 | 11 replies
I keep thinking about tools that can help me reduce risk by catching errors or red flags in seller disclosures and inspection docs, but that's likely because I've had a bad experiences with both.A simple and obvious example is a seller checking "No" for pests section, such as Scorpions and Snakes in Arizona when the property is in the desert, so obviously, there will be snakes and scorpions.
Levi Perl
Cash out refi now at 70% LTV or season and wait to do 80% LTV?
9 December 2024 | 15 replies
An option for you could be to go with a DSCR loan with a reduced prepayment penalty period so that you can get funds soon and if you want to refinance next year or the following due to lower rates or wanting more LTV than you're able to do so.You should look at this one with the mindset of:1) What would my expenses be once I refi vs what they are now?