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Results (10,000+)
Rich Hupper Working for investors. What do they want to see?
9 November 2011 | 8 replies
What do other seasoned agents do out there to better benefit their investor clients?
Account Closed Tips on Travel Expenses
1 November 2011 | 0 replies
In fact, you'll probably benefit from keeping receipts for all expenses, even those for less than $75, because the receipts will remove any doubt.
Daniel Dietz Using Life Insurance Cash Value while Investing Long Term
27 March 2012 | 3 replies
Hope that make sense.Dan Dan,I don't think you can pull out the death benefit only borrow against it's today's cash value.
David Beard Get these two tax books
5 January 2012 | 11 replies
Don't give short shrift to the tax situation, they can have a profound economic impact on your investments.I throw this out because folks often come on here with VERY basic tax questions.
Colonel Boothe What are the advantages of joining a Real-Estate Investment club?
9 November 2011 | 20 replies
What are the benefits of joining a Real-Estate investment club?
Danny Shore tax treatment of closing costs
6 November 2011 | 3 replies
Reducing the selling price may benefit both parties by reducing seller's capital gain and buyer gets a lower purchase price which may make loan qualification easier.5.
Justin Silverio LLC w/ S Corp Election vs. C Corp w/ S Corp Election
21 November 2011 | 18 replies
If not, it seems like there is no benefit to going to LLC route?
Bobby White Anyone near Memphis,TN
9 November 2011 | 4 replies
This site is amazing and will benefit your RE growth.
Naga A. I want to fire a property manager, but there is a problem.
12 November 2011 | 21 replies
Again it could be a reasonable cost depending on what all they had to do.There are multiple issues here.1.Most of the items mentioned for repair should have shown up on an inspection of the property PRIOR to purchasing.In my mind if you didn't get a inspection from a 3RD party inspector not affiliated with the company selling you the property then these repairs are on you for not doing due diligence.2.The other component is that this property manager has their own crew.I don't like that one but and would never agree to it.Sometimes managers also get referral fees for giving business to skilled trades even if they don't have their own crew.The problem becomes then instead of getting the best rate they have to pad it a little to give back to the property manager for the referral.So either way I am sure the property manager is reaping a benefit monetarily from it.This way they make more than the lousy 50 to 60 bucks a month managing a property.This is why I am not a fan of "one off houses" in an area far away from where I live.This is why I like owning apartment buildings.I can find a full time highly trained manager easily and they use systems and programs to control cost and everything is documented.Since they only focus on management and are not a broker/agent doing transactions and then handling "rentals on the side" my properties get the focus they need to be ran properly.It just sounds like you purchased wrong and then on top of that have a property manager padding fees with the repairs.REO agents used to do this with banks.They wouldn't make much commission on selling the little dumpy houses so would have their company do the trashout,re-key,repairs and charge full market for it.Eventually the banks caught on and choosed their own company to perform tasks and only let the broker list the property for sale.Sometimes that works and other times it doesn't as the broker or manager is now dealing with outside parties they can't control saying work was completed properly and it wasn't.If you haven't had an inspection of the property I would do it now to see what all else might come up in the future so you can expect it and plan for it.
Kent R. Wholesaling Lease Options
4 July 2017 | 53 replies
I invest in real estate that has been on the market a long time or more is owed than the current value so I am dealing with sellers who are more motivated to sell so I only pay $10.00 option fee. in order to avoid a large option fee to a seller it important to take the right approach, have the right presentation and it has to benefit the seller enough for it to have value to them.