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3 November 2024 | 8 replies
Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .
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4 November 2024 | 3 replies
You can always start off in real estate by acquiring a property as a primary residence.
4 November 2024 | 1 reply
I have someone applying to my property, and they are here in the US on a work Visa.
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25 October 2024 | 1 reply
As the Branch Manager for RBI Private Lending in Texas, I specialize in offering flexible financing solutions, including bridge loans, construction loans, multifamily financing, and DSCR loans.
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31 October 2024 | 24 replies
Most of us who own RE came into it from somewhere else - either from working a regular job and squirreling away investment money into RE or working in a RE career and acquiring properties in the process. 5.
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4 November 2024 | 1 reply
Does anyone know of an income relief program in North Carolina for property owners that have short term rentals that are not renting due to hurricane impact to an area?
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4 November 2024 | 2 replies
Making an emotional purchase decision on an investment property and ignoring the numbers.
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4 November 2024 | 2 replies
I'm looking for a Rockstar real estate agent in Natchez, MS for a potential purchase of an investment property.
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7 November 2024 | 8 replies
Similar to the allowances in a pro forma, they are simply set asides and only become expenses when the property taxes/insurance are actually paid from them. 2) Capital Expenditures - They certainly feel like expenses, but certain improvements cannot be expensed outright but instead have to be capitalized and expensed/depreciated over time. 3) Depreciation - Finally some good news!
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24 October 2024 | 1 reply
The market was increasing and we were able to find an off-market deal from some friends who held the property for over a year had no interest in fixing it up.