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28 June 2024 | 6 replies
@Steven Moore Fix your credit issues before starting.
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28 June 2024 | 100 replies
I've received 2 K1's so if this is fraud then i'd imagine they've committed a federal offence by issuing false documents to the federal authorities.
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27 June 2024 | 0 replies
However, in the last year, two major issues created a cash crunch.1. +30% vacancy for 24 months, caused by two evictions, one unit on market for 7 months, and the two new properties taking 1 year in renovations instead of 4 month estimate (~$30k of lost income above assumption of 10%)2. $45k from several unexpected large repairs (water leaks, roof collapse, siding rot, plumbing main line, etc.)These issues are also causing me to rethink the assumptions in my model, increasing my vacancy rate from 8% to 12%, repairs from 5% to 20%, and capex from 5% to 20%.
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25 June 2024 | 5 replies
They are not tax related since unless you elect to be taxed as a c corp (which you should not do here) the income and expenses flow onto your personal tax return
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29 June 2024 | 12 replies
The only ones who have issues with some of the regulations are the ones who are looking to still be sneaky in my opinion.
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27 June 2024 | 5 replies
Will banks have any issues doing a cash out refi on deal like this assuming i meet all the other qualifications such as credit score and DTI.
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27 June 2024 | 9 replies
I don’t want to give them more info/ammo than necessary.I would tell them to call the police if needed for the fights and that you have checked on the smoking issue and it's been denied.
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27 June 2024 | 3 replies
Don’t Skip the Home Inspection: Always get a thorough inspection to uncover any potential issues.6.
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26 June 2024 | 4 replies
I was studying the wholesale cases related to Massachusets/Boston and found a lack of information.
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27 June 2024 | 6 replies
@Jack B.They won't give you quotes over the phone bc that might not be the issue.