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18 September 2024 | 6 replies
Many investors wait until they've acquired a few properties to avoid the costs and administrative work.
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19 September 2024 | 8 replies
Removing tenants is a serious pain in New Jersey - though I realize those specific deals may be rehab and profit opportunities.
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20 September 2024 | 31 replies
For the use of my funds, I charge you 2.5 points which amounts to $3125 plus a small administration fee of $495 to cover my wire transfer costs, document review and preperation costs, attorney fees, etc.The B-C transaction closes and on the same day, so does your A-B transaction.
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19 September 2024 | 7 replies
I do not like this as obviously if a business account is only accumulating rent from 1 property, it wouldn't accrue the cash in each as quickly as it would if all of the rents were funneled into one account.. and it makes paying the bills a bit of a pain on each of the properties as I am having things done to the properties, lawn care, etc.. constantly has me making owner investment deposits into each to cover initial expenses associated with the properties.. etc.
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19 September 2024 | 11 replies
It's a real pain to enforce but it's worth it.The majority of carriers right now have a loss rule on new business that varies but goes something like this... they will not accept your new policy if you have a loss in the last 3 or 5 years.
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20 September 2024 | 21 replies
I looked into a cash offer just to free myself but the offer was painfully low (putting me at a $60k loss).
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17 September 2024 | 11 replies
However,Working with a good attorney will make the process easier but having a good administrative structure will be critical because there are a number of steps must be followed for compliance...which makes the SERIES LLC a little more involved in setting up your standard entity.Happy to discuss further.
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19 September 2024 | 44 replies
I am not sure if/when we will see rates like we did before this administration.
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18 September 2024 | 5 replies
This couldn't be more of a true statement with the current clients I'm dealing with.. on one spectrum, I have clients that are incredibly respectful take my recommendations and listen and on the other I have people who are just plain rude and are a pain to work with.
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16 September 2024 | 6 replies
That could be a big pain in California.