Bracken Bjorn
First-time investor: Out of state or local?
25 November 2024 | 14 replies
There's potentially a domino effect in the event of an unforeseen major expense exceeding my reserves (mainly thinking in terms of natural disasters) affecting my whole portfolio.
Mike Shahi
How to end a listing agreement in Maryland
17 November 2024 | 9 replies
I sent an email and he acknowledged that the listing has been removed from MLS and that the listing agreement has been terminated…Looking at the listing agreement contract, it states that the “contractual obligation shall remain in full effect unless terminated by mutual written consent by all parties”.Is there a specific form that needs to be filled out or is the email acknowledgment enough?
Lucas Schlund
How Much Cash Do I Need To Put Into My First BRRRR and How Much Should Be Financed?
21 November 2024 | 23 replies
Hello Lucas, Your question about financing a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy is important for understanding how much cash you'll need upfront and how to leverage financing effectively.
Allison Somera
Thoughts on DSCR Loans for Investment Properties?
20 November 2024 | 9 replies
**Market Dependency**: The effectiveness of DSCR loans can be influenced by market conditions and property management.
Deal H.
Turnkey or BRRRR?
27 November 2024 | 48 replies
Both approaches can be effective, but they come with different sets of considerations.Turnkey properties are often a safer choice, especially for those just starting out.
Pete Harper
1031 into upREIT
18 November 2024 | 8 replies
It's important to understand the difference, and I'd recommend sticking with the REIT with depreciation advantages.The Tax Cut and Jobs Act (TCJA) includes a 199A deduction and applies to certain income from pass-through entities (including REIT dividends) and allows individuals to take the 20% deduction against REIT dividend distributions that yields an effective tax rate of 29.6% or 37% (80% for upper bracket filers).
Keri Win
New landlord: Need advice on apps to manage your property and lease agreements
19 November 2024 | 23 replies
Maintenance and Repairs: Property managers have established relationships with contractors and vendors, ensuring timely and cost-effective maintenance and repairs.
Pat Arneson
Anxiety Over Rehab Costs
25 November 2024 | 23 replies
An interesting fact about flipping in CA -- effective July of this year, investors are required to disclose their contractor name and contact information.
Frank Schofield
REO & ASSET MANAGEMENT CONTACTS
18 November 2024 | 14 replies
Does anyone know of a effective list of contacts for REO and Asset Management companies?
James Wise
Exposing more of Bob Prisco's (AKA Bob Stevens) Lies
21 November 2024 | 6 replies
The user in question was subsequently banned from the forums for a second time, they reached out to me directly to dispute the ban but as of now the ban is still in effect for breaking the rules of the forums.