Gavin Wynn
Taxes/ question for accounants
13 October 2024 | 7 replies
Now there can be some exceptions for expensing certain carrying costs, but without knowing specifics it's hard to say at this moment.
Maria Diaz
contractor best practices
11 October 2024 | 17 replies
I try to set the expectation for net 30 payments to my contractors with limited exceptions.
Shaneese Bailey
Seeking Advice on Flipping a Vacant Lot
12 October 2024 | 12 replies
Land is not like the residential or commercial markets; creative financing is the rule rather than the exception in land deals.
Bo Ding
combining CFP with HO4 to qualify my umbrella?
9 October 2024 | 1 reply
I got un-renewed by my old ins and rejected by almost all ins companies (except for some crazy ones quoting me 10k/year) on my primary house, which is far from any fire zone but I had 2 claims on my 2 rentals (I am a small player so under my name not LLC) in the past 3 years so I got fked.
Tua Lino
New home question
11 October 2024 | 4 replies
Rents pretty much always go up here, with the exception of the last to years where they've been flat and even softening in some cases.
Anastasia Rodriguez
Any advice on rules or partner deals for MTR in Chicago?
13 October 2024 | 19 replies
I own all of the buildings except two (a 6- unit building and a 2-flat).
Mitchell Hein
New AC unit
10 October 2024 | 25 replies
And the key here being that I don’t know how and wouldn’t be able to do it myself, so whatever it costs is what I have to pay 😂 like any field, you have to pay an expert to do it right, AC installation in Texas definitely not an exception to that rule.
Taylor Kendrick
My starting point
14 October 2024 | 22 replies
At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.
Mark M.
Ratio Utility Billing System (RUBS)
13 October 2024 | 54 replies
In addition they are slow to report minor leaks or at all as it doesn't typically impact them financially.Landlord paid utilities with multifamily can be a real cash flow killer if not handled efficiently.So most larger buildings I come across that are vintage almost everything is separated out except for the water.
Lisa Broderick
Has anyone done or heard about Glenn and Amber Schworm's mentorship program?
18 October 2024 | 37 replies
I recognize most accountability groups (exception for the one mentioned above) cost less than $40k (however the cost is annual, versus the mentorship/training is one time), but why is it ok to pay for an accountability group and not a mentorship/training assuming the mentorship/training is decent quality?