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11 January 2025 | 9 replies
I just sent you a PM with a good recommendation!
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11 February 2025 | 3 replies
Hello Lisa, I'd recommend reaching out directly to the planning department.
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7 February 2025 | 9 replies
A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.
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10 February 2025 | 2 replies
Any advice or recommendations of where to locate groups seeking similar goals would be greatly appreciated!
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9 February 2025 | 2 replies
I highly recommend listing to @Dave Meyer's most recent on the market podcast!
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8 February 2025 | 13 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
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7 February 2025 | 3 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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10 February 2025 | 6 replies
A few tips I’d recommend as you get started:Build a solid buyer’s list early on.
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12 February 2025 | 2 replies
I recommend waiting until your unit count is higher.