Tim Albright
Tax Planning Strategies/CPA Help
5 July 2024 | 11 replies
Income is born from defined benefit retirement pensions ($250k/annually with 3% annual COLA) and the remainder is from W2 employment for my wife and I.
Kiefer Cheney
Trying to find payment software at no cost to tenant
7 July 2024 | 28 replies
A good software solution will allow you to define what payments you will accept from the tenant.
Mike K.
RE Investing - Not a good option right now
10 July 2024 | 112 replies
The only ways the typical investor (defined as a middle-aged adult with 4-5 properties, generating around 60-75k annually) will generate similar yields in the current state is (1) taking advantage of senior debt (assumable debt/seller financing), in this you are improving bottom line NOI via the spread between active and par interest rates. (2) Value-add or flips (Higher risk and not typical) (3) Investing in developing areas that will see high amounts of rent growth over the coming decade due to population changes.
Joey Morgan
Help with writing a "subject to" offer
3 July 2024 | 6 replies
This demonstrates the buyer's seriousness and commitment to proceeding with the purchase.Additional Clauses:Subject to Sale of Buyer's Property: If the buyer needs to sell their current home to finance the new purchase, include a clause making the offer contingent upon the sale and closing of their property.Specific Repairs or Improvements: If the buyer has identified specific repairs or improvements they want completed by the seller, include details about these requirements as conditions of the offer.Review by Legal Counsel: Consider having the "Subject To" offer reviewed by a real estate attorney to ensure all contingencies are clearly defined and protect the buyer's interests.Final StepsNegotiation: Once the offer is submitted, be prepared for negotiation with the seller.
Robert DeBease
Good or Bad Flip in Historic West End of Atlanta
3 July 2024 | 6 replies
We're def in a down market...we always are during the holidays but we can never truly predict it.
Yongming Huang
Why are real estate agent commissions so high in the US?
10 July 2024 | 87 replies
I do not need every potential client just those that work well for a long term relationship where both parties respect each others time and skills.When a broker or agent is already wealthy they can define when they will work and with whom.
Maddy Pape
Seller Financing Process/Advice
2 July 2024 | 3 replies
.- Be Clear: Define all terms clearly in the agreement.Mistakes to Avoid:- Incomplete Due Diligence: Conduct thorough inspections and financial analysis.- Unclear Documentation: Ensure agreements are well-drafted to prevent misunderstandings.- Market Trends: Consider future market impacts on property value and income potential.
Amy Lemaistre
Contractors doing work without approval and then charging for it
1 July 2024 | 7 replies
Check your contract and make sure there was a defined process for change orders.
Jesse Rathe
Best tools and resources for Markets
2 July 2024 | 3 replies
Companies expand to locations with low crime, low operating costs, a pro-business environment, and a metro population >1M.Having defined these three requirements, I will now provide the sources for the necessary information.Cities with a metro population >1M: Small towns may rely too much on a single business or market segment.
Blake Forrest
Finding a credible/reliable GC
2 July 2024 | 12 replies
Make sure to define exactly what you want to do.