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21 January 2025 | 40 replies
Having a "master" accounting software allows you to blend all property-specific info with general business info to see your full financial picture.
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9 February 2025 | 4 replies
Quote from @Yianni Hahalis: I'm looking to move to Cleveland within the year and get my foot in the door with real estate.
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21 January 2025 | 10 replies
I only charge markup on maintenance if it's a larger project that requires more coordination, supervision of the work, and inspection after completion.
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9 February 2025 | 4 replies
If needed to evict, you would list both.
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12 February 2025 | 4 replies
Quote from @William Weston: I'm Christian and believe everything in my life is actually God's property, entrusted to me to watch over.
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31 January 2025 | 10 replies
My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects.
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3 February 2025 | 32 replies
NCF just adds to your cost.
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13 January 2025 | 17 replies
Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).
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9 January 2025 | 6 replies
We can also lend to both individuals and LLCs.I'd be happy to share my experience as both an investor and as a lender.
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11 February 2025 | 11 replies
Something like: "Know that if you don't pay your full rent by the 01, I will file for eviction".Or should I just wait and if she passes the 01th, file for eviction?