Chris Berry
Section 8 tenant thoughts
24 October 2024 | 33 replies
Just this week I sent an e-mail to her caseworker to notify the HA of our pending lawsuit to obtain a judgment for what she owns, and the caseworker confirmed that she will place the voucher on hold until the outcome of the court case, which prohibits the tenant from leaving until I confirm she is in compliance with her lease.
Julie Muse
Morgan St Transformation: Major Reno Brings Big Profit in Waynesville!
18 October 2024 | 1 reply
What was the outcome?
Adolphus Fletcher
Tile Company fees in PA
16 October 2024 | 9 replies
Is it customary that they have their process displayed online or in a pricing guide so I can shop around?
Phil Petite
Question About How to Structure Deals Using Private Money
17 October 2024 | 12 replies
I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best way is to structure my deals with private investors, or if there are better options that I'm not considering.Here are some rough numbers to capture a deal that is on my radar:Loan amount from investor: $110kYearly Interest Paid to Investor: 7%Monthly Rent from Property: $1300Monthly Interest-Only Payment to Investor: $642Monthly Property Taxes: $71Monthly Insurance Payment: $71Property Management fees: $104Net Cashflow: $412Now, this is not a bad outcome, and I am fine with it, but I am wondering what someone else might do differently if you were in my position - Should I charge an upfront fee to my investor (maybe $5k or so for this deal and also keep the cashflow as my monthly management fee), or would you instead use the $110k from the investor to BRRRR a bunch of deals, or would you try to just use the capital for one deal at a time?
Clint Absher
Buckley Townhome Development
16 October 2024 | 0 replies
Entitlements, new construction What was the outcome?
Justin Smith
From House Hack to Commercial Investment
16 October 2024 | 0 replies
What was the outcome?
Melanie Baldridge
“How much will I save in taxes this year if I buy real estate?”
17 October 2024 | 1 reply
Similar to a 401k, part of the strategy is a tax arbitrage.It is a much better outcome to take the deduction at 37% rather than 24%.Lever 5 - % Bonus AllowedIn 2023 Bonus depreciation has been limited to 80%, and will continue to ramp down 20%/yr until it hits zero in 2027.Bonus depreciation has come and gone in the past, but the more you get, that first year payback is higher and higher.Lever 6 - % Payback RatioUltimately how much you save vs. how much you pay matters.Caveat - Talk to your CPA before you purchase a cost seg study.You need to have a way to monetize your losses through1.
Christian Gibbs
Removing PMI / Home Assesment
16 October 2024 | 4 replies
With that being said, having the comps that your agent has provided you ready for that appraiser can go a long way to make sure you get your desired outcome.