Rheis Cloutier
Financing through HELOC
26 September 2024 | 2 replies
I have seen a Heloc lower an investors scores due to excessive tradelines and due to the balance to credit limit percentage.
Michael Quarles
What to ask when a seller calls.
24 September 2024 | 6 replies
And frankly I don’t care why they want to sell in the early stages of communication.
Aaron Sweat
ADA Units and Their Market Value
26 September 2024 | 17 replies
Currently, the CBC mandates a percentage of new dwelling units to be ADA compliant, but I wonder if these units are quickly filled or if there is excess in certain regions.
Sidney Johnson
New to investing, living in New Jersey
26 September 2024 | 10 replies
I'm in the beginning stages of my RE investing journey and I'm here to begin networking.
Matthew Samson
Should I engage a CPA now or wait until we've built up a basic portfolio?
25 September 2024 | 17 replies
At this stage, your focus should be putting as much money as possible into your first deal, rather than on accountants, lawyers, or consultants.Hiring a CPA can wait until you’re further along—either when you’ve got something under contract or need help with entity setup or tax planning.
Courtney Hamilton
Property Marketing Suggestions
24 September 2024 | 6 replies
Don’t forget to use professional photography and consider virtual staging if the home is vacant.
Jennifer Wood
Best Way to Fund Reserves
22 September 2024 | 8 replies
We are still in the early stages of setting terms and we are out of state so haven't seen the properties (our agent has seen a few).
Nikhil Mascarenhas
CA out of state investors, what asset protection strategy do you use?
25 September 2024 | 7 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
Floris V.
Midterm contract with construction company
24 September 2024 | 4 replies
Since electricity and water is included in our rent, we also have a clause stating that if the monthly bill doubles compared to the month-comparable bill from the prior year, then the excess will be assessed as a fee.
Dale Adams
Subdividing Land - Adjustments to Tax?
24 September 2024 | 1 reply
Example using fictional figures:We buy a 10 acre lot, taxes are $1,000We subdivide it into 10 x 1 acre lotsNo properties are built at this stage, just landDoes the tax remain at $1,000???