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27 January 2025 | 13 replies
Most of our Members are baffled, typically saying: "How could they allow one of THEIR Tenants to be even ONE month behind?"
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23 January 2025 | 10 replies
What's a typical down payment for commercial multifamily?
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23 January 2025 | 31 replies
This approach allows you to have a legal presence in the country, which is often necessary for investing there if you don’t live in Spain.Having a virtual office in Spain through your LLC could help you access local tax benefits and deductions, such as expenses for mortgage interest, repairs, and insurance, which non-residents typically cannot claim.It’s worth consulting with a tax or legal advisor familiar with both the US and Spanish systems to ensure compliance and take full advantage of this option.
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12 January 2025 | 4 replies
Bonus, Overtime, and Commission income all typically need a 2 year average either at the same job or in the same line of work.
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13 January 2025 | 1 reply
You typically offer it to your partner first to see if they will buy you out.
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26 January 2025 | 33 replies
A sophisticated investor will also typically ask for the entire claimed track record and then run it through the wringer.
1 January 2025 | 24 replies
@Venecia BaezIf you can invest locally do that if not look elsewhere. 9 times out of 10 when people are stuck and unable to take action I usually see people worrying about things that either won't happen or aren't an issue.
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8 January 2025 | 5 replies
@Polat Caglayan very ambiguosu question, but read the helpful info below to guide your next set of questions:)-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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19 January 2025 | 9 replies
@Richard Benjamin WilhiteSince you inherited the land, I believe your cost basis is typically the land's fair market value at the time of inheritance.
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13 January 2025 | 11 replies
They'll typically leave behind mattresses, couches, broken furniture, rotten food, etc.