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7 February 2025 | 41 replies
We are still seeing a majority of properties be cashflow positive from Day 1. 2) There is no state income tax in Tennessee!!
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23 February 2025 | 9 replies
For example, I mention that every adult must pay a $XX application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.
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10 February 2025 | 1 reply
A recent article discusses how Bloomington is considering flexible zoning to support dorm-style units, aiming to provide housing solutions for residents earning 30% of the area median income (AMI). finance-commerce.comThe city has successfully added new rental units in the 50% and 60% AMI bands but faces challenges in creating units for the 30% AMI bracket due to financial constraints.
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8 February 2025 | 10 replies
All the other real estate in my businesses are counted as assets minus the debt liabilities for net worth purposes and the business income that comes to me is counted as part of my personal income.
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3 February 2025 | 25 replies
That question depends on if you have enough other income to qualify.
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13 February 2025 | 22 replies
I'd say if you are looking for commercial real estate wherein the purchase bought the property in a corporation then PS is not the best place for lead generation and skip tracing.
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24 January 2025 | 13 replies
We are the victims of corporate identity theft and are currently trying to get the fake website taken down.
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14 February 2025 | 4 replies
We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.
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9 February 2025 | 3 replies
Co-living, on the other hand, mitigates this risk by creating multiple income streams.
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31 January 2025 | 7 replies
If the property manager uses a payment app integrated with the property management software to collect rent for the landlord, this is not gross income for the property manager.