Frank Hotard
First Home Issues and Strategy
10 January 2025 | 4 replies
It's a small place so I'd guess it won't rent for enough to cover your expenses anyway so I'd probably sell, especially if the loss is small, it unless it's in a great neighborhood that you think will do well over time.
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
Though at 1525/mth it is projected to cashflow a little less than 100/mth -- the numbers do not include what I like to call reality numbers (vacancy loss, maintenance, capex reserves).
Kandice Morgenstern
lease clause for tenant expectations/responsibilities during mandatory evacuations
30 December 2024 | 4 replies
Grocers must eat the loss of their fresh vegetable or frozen foods during a power outage.
Tayvion Payton
Seeking Advice: Is $850K a Reasonable Offer for This Multifamily Property?
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).
Account Closed
"Additional Insured" clause in PM contract
17 January 2025 | 7 replies
I appreciate it.Aside from the option to be added as 'additional insured' they have the option to purchase a "ProtectionPlus Bundle' from Surevestor, which includes several things like protection against eviction costs, wilful damage to property, over a $1 Million third party liability protection, loss of rent protection for 25 weeks etc.This is $50/month.
Ricky Moore
First-Time Poster Seeking Advice: How to Approach Heir About Inherited Property
16 January 2025 | 2 replies
Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?
Harsha G.
Private Lending - Passive Losses on Schedule E
11 December 2024 | 7 replies
.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?
Jeffrey Edwards
Fail forward and fail fast is my motto
2 January 2025 | 1 reply
I lost money (opportunity loss) but I gained a wealth of experience. 2.)
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
9 January 2025 | 32 replies
However, as W2 earners, these losses are considered passive and can only offset passive income unless you or your spouse qualify as a Real Estate Professional (REPS) by meeting the 750-hour and material participation requirements or STR is used.
Mike Conner
Investor wants to trade properties - seeking advice
12 January 2025 | 2 replies
If I was to trade a $300k house for a $310k house that will cost me $10k and $347/month what amount should I ask for to make up for these losses?