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8 November 2024 | 3 replies
hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?
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8 November 2024 | 6 replies
However, while the owners can remain anonymous, the names and addresses of the managers must be submitted to the state, although this information is not publicly accessible.At this point I’m not certain if I did something incorrectly in the LLC setup, or if the information not being publicly accessible is a falsehood.
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11 November 2024 | 14 replies
It's a great idea to put together a single document summarizing the financials remaining properties (which I manage remotely) and teach her about commercial leases.
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12 November 2024 | 171 replies
Do I understand right that you carry the remaining depreciation from your upstream property into the DSTs?
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7 November 2024 | 5 replies
@Dani Beit-Or,Yes, since you're taking some profit (the primary exclusion) out that would reduce your reinvestment requirements by that much.the 1031 exchange will defer all of the remaining gain and the depreciation recapture.In your situation, you will have a total profit of around $1.5.
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7 November 2024 | 0 replies
The property remains a valuable asset in my portfolio, delivering strong returns while requiring minimal ongoing investment.
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6 November 2024 | 10 replies
Feel free to DM if interested and I'm happy to help.Competition is tougher than ever, we're requesting all our clients budget $2-$3k per year minimum in upgrades to remain on top.
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11 November 2024 | 20 replies
The Philadelphia rental market remains strong, especially in high-demand areas near universities, hospitals, and transit hubs, so vacancies can generally be minimized with the right property in the right location.
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11 November 2024 | 16 replies
We have parted ways with a bunch of "STR slumlords" as I call them but still some cheapskates remain.
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9 November 2024 | 21 replies
I am remaining diligent with this project because I am rusted around the joints.