Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
I’m reaching out to you, the seasoned investors, for guidance as I work toward making my first acquisition.So far, I’ve analyzed over 100 deals to assess their viability and profitability, and I understand the law of percentages in CRE.
Kody Smith
Transition from SFR to Multi Family 10-20 units
6 January 2025 | 17 replies
To give you something as a reference based on your budget (30-40% down with $1.8M), the general cap rates you will see in the Bay Area are roughly 3-5% https://www.loopnet.com/Listing/1047-Rich-Ave-Mountain-View-...https://www.loopnet.com/Listing/1180-Saranap-Ave-Walnut-Cree...You will find higher cap rates and more 20+ units buildings in SF, Oakland, and Richmond, but keep in mind of their stringent tenant laws.
Toby Khan
Wichita, KS Investors
9 January 2025 | 107 replies
The reasoning from 2 was COVID and another said they changed the laws response to 2008.
Destin E. Thomas
Potential Wholesale Deal in Colorado Springs, Colorado!
24 December 2024 | 10 replies
what are the laws in CO regarding unlicensed wholesalers tying up property advertising it and collecting a fee at closing is that even legal in that state. ???
Don M.
First time with new construction: Cape Coral, FL
20 January 2025 | 204 replies
I also enclose below the text of the relevant section for ease.https://www.flsenate.gov/laws/statutes/2020/553.79QUOTE(14) A building permit for a single-family residential dwelling must be issued within 30 working days of application therefor unless unusual circumstances require a longer time for processing the application or unless the permit application fails to satisfy the Florida Building Code or the enforcing agency’s laws or ordinances.UNQUOTEThe previous link to the City of Cape Coral citizens portal lets individuals see permit details for a specific property address, the progress with applications, and if not using a private provider the status of inspections.
Mark DiPietro
Anyone worked with Mario Cotto
28 December 2024 | 23 replies
Every one of the owners he is under contract with will tell you to run from this builder (law suits in the works).
Shaun Palmer
North Carolina - Security Deposit Trust Accounts
22 December 2024 | 14 replies
Deposits from the tenant.Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution lawfully doing business in this State or the landlord may, at his option, furnish a bond from an insurance company licensed to do business in North Carolina.
Steve Englehart
Cashing out IRA to buy rental properties.
29 January 2025 | 47 replies
I have broken down 4 key benefits to a retirement account: 1) Compounding interest in the absence of taxation (particularly with a Roth IRA) 2) Ability to self-direct into alternative assets, like real estate, private real estate partnerships/syndications, crypto, gold & silver and other alternative investments. 3) Credit protection (see state specific laws), but generally inherent protections. 4) Upon death, if setup properly, probate avoidance
Sergei Voyakin
Repaying a loan in stock vs cash
24 December 2024 | 2 replies
Any laws against repaying the loan in stocks instead of actual cash?
Keith Richardson
Should I open an LLC for each property?
24 December 2024 | 9 replies
You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.