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21 May 2024 | 10 replies
I had issues with the tenant and we went through a long eviction process.
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21 May 2024 | 4 replies
This is not only to make sure that people are taking care of the property, but this is also to make sure that tenants aren't overlooking issues that could be addressed now that cost way more later.These can be minor roof leaks, gutter leaks, mostly to do with water penetration.
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21 May 2024 | 0 replies
It is not even an issue of the hours and hours this research takes up.
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20 May 2024 | 3 replies
Spoke with an attorney and they said we have a legal right to enter.Per the lease, we stated we would first have “friendly negotiations” and then mediation and then arbitration.
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20 May 2024 | 6 replies
You cannot market or sell a property legally without a realtor licenseYou cannot provide financial advice or foreclosure rescue options without certain credentialsHow you define helping them, especially if they want to stay in their home
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21 May 2024 | 53 replies
In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,
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20 May 2024 | 10 replies
I believe that starting out, you would need to find an investor lawyer and accountant to help you set up the legal entities in both countries, then research your market, find financing, build a team, and so on.
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22 May 2024 | 13 replies
I keep a capital expenditure account for the big issues, but the rest goes into equity.
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21 May 2024 | 8 replies
I'm reducing the footprint and repricing.... finally a smart person. our floorplan for each unit we build is 668 sq ft and 2 beds for that exact same reason. people that Aren't in cheap markets don't understand. in columbus we face appraisal issues if we don't keep it as small as possible.
21 May 2024 | 10 replies
The issue imo with DSTs is that you’re buying into a market where a lot of commercial RE is presently priced high, and some is going down in value too.You should do a thorough analysis of the tax impact. 1- definitely try to time sales into two separate tax years2- I’m unclear why you expect 30% cap gain hit.