Claudia Stewart
Dead lawn due to lack of watering on vacant property considered PM negligence?
6 September 2024 | 19 replies
Transfer management to a new PM as soon as one is located.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.
Roberto Westerband
First Lien HELOC Strategy
8 September 2024 | 168 replies
Their $5k fee could be a set up].Your plan is a variation of Credit Card hopping - transferring ones balance every year into a new trial period Interest-free Card.
Carmen Assang
Report delinquent rent and notice to quit
4 September 2024 | 2 replies
I have transferred the last month’s rent to my account and the tenant still owes most of July and full August’s rent.
Jenny Milu
What's your best piece of advice or tip when starting out managing a STR?
3 September 2024 | 23 replies
I had a call with an Evolve rep and they had no issues in transferring them To us.
Don Nicolussi
Advice for an Experienced Investor ( with no local experience at all)
5 September 2024 | 11 replies
I don't know if any of my experience will transfer to your country, but I have noticed over the years that despite the number crunching and research, real estate is ( for me at least ) a people business.
Julio Gonzalez
Multi-Family Properties and How to Maximize Returns
3 September 2024 | 0 replies
There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
Frank Garcia
Seller didn’t transfer full deposit.
1 September 2024 | 5 replies
I purchased a duplex in California with tenants in place. Seller disclosed leases and may have kept half of deposit. The lead agreement I received shows see original lease for amount t of deposit. I didn’t read this s...
Jason Staine
recommendation of banks for Solo 401k checking account
3 September 2024 | 47 replies
You can have both accounts for a period of time until you move everything over, then you can close your Wells Fargo accounts.Frankly, Wells Fargo has been a frustration... they won't allow mobile deposit over $2,500 and you can't send a wire transfer online for over $10K - they make you go to the branch (what a joke!!!).
Wilson Pereira
Revocable Trust Setup
3 September 2024 | 7 replies
We did title one account in the name of the trust but the rest are basically left with the trust being the beneficiary transfer on death.
Wiley Strahan
Setting Up Systems to Scale
6 September 2024 | 24 replies
Buying a new, or nearly new property, even when at a 10% premium to the market, typically allows for higher rents to be achieved, provides for warranty transfer on items like appliances, roof, windows, and general construction, and prevents cap ex issues to impact annual ROI for the first 10-20 years.