27 March 2024 | 9 replies
In addition, each client receives an invoice outlining their coverage and monthly costs prior to charges running, which gives investors an opportunity to ensure their coverage is as expected each month.We are always willing to work with clients on coverage options to best fit their needs and budget.

26 March 2024 | 25 replies
That might work for a DP in your market, but you’ll need to consider additional reserves, expenses, maintenance, etc.

26 March 2024 | 8 replies
Also any additional tips for this area would be great!
25 March 2024 | 2 replies
Here is what I see when looking at their information.It looks like their first deal was a 14-unit acquired in 2017, so they are pretty new at this game.

26 March 2024 | 4 replies
Additionally, I am running into an issue where contractors are already scheduled out six months in advance and I don't think I can wait that long to get this work done.

26 March 2024 | 9 replies
It's good to bring up, but a good CPA is going to concisely explain why, after the additional costs...administrative overhead, additional filing fees, employment or SE taxes, etc you'll most likely find the cost-benefit is negative.

26 March 2024 | 6 replies
These are reported and "retained" on IRS Form 8582.Of course, if you are unsure or would like additional guidance in determining what might fit your specific situation, please reach out to a CPA/Tax Professional who may be able to assist.

26 March 2024 | 7 replies
So from my understanding from your responses, it is possible to achieve market rates on properties without having to make necessary improvements and additions since units just need to meet minimum quality standard for section 8.

25 March 2024 | 9 replies
If they are financing the purchase with hard money loans, they would need to acquire the property at 70% to 75% of the ARV minus repair costs to maintain that profit margin.
26 March 2024 | 8 replies
I recently came by a couple duplexes in that area with additional space for more ADU development.