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4 August 2024 | 4 replies
Although this is working out ideally, there are some tricky components to this.As of right now, the seller needs to move immediately and is requesting for at least 100K from the 180k that would be due in advance as he is trying to close on a cash only property.
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3 August 2024 | 10 replies
You will not have to recapture depreciation in the year of sale, it will be baked into the 3-component payments.
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4 August 2024 | 5 replies
Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.
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7 August 2024 | 73 replies
Migration is only a small component of the demand (but rising nontheless).
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2 August 2024 | 4 replies
The only issue I saw, which is being resolved by the end of the month, was that they are not defining the phone number at the property level if you have multiple property addresses under the same account; however, at the actual account/user level.
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1 August 2024 | 12 replies
This is just the normal operating costs, never mind the big things that come up occasionally with capex like when you have to replace a major component (furnace, water heater, sewer line, driveway, steps, deck, windows, roof, doors, siding, landscaping, etc,) and it costs $10-20k.
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9 August 2024 | 184 replies
You just can't advertise the broker comp on the MLS.
1 August 2024 | 125 replies
So define what you find acceptable and publish it to any and all prospects.
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2 August 2024 | 18 replies
How would you define a successful investment property?
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1 August 2024 | 35 replies
I have downloaded both Chris's version and 123flip.com lite version, I do not see all 25 components (from the book) on the spreadsheet.