Raul Velazquez
REI in Vancouver, BC
17 January 2025 | 9 replies
Bonus 4: develop a list of questions you want to get answers to before you do any opportunity.
Kent Ford
Incentivizing Long-Term Affordability: What’s the Key to Sustainable Housing in Texas
5 January 2025 | 1 reply
Many Texas cities are incentivizing developers to build affordable housing units, but challenges remain around keeping these homes accessible long-term.
Ricky Hernandez
Turning a New Build into a Rental Property
6 January 2025 | 7 replies
Regarding the HOA and CC&R's, the builder can make changes to the CC&R's pretty easily while the development is under Declarant Control.
Celli Mowery
Who has interest in Kentucky?
10 January 2025 | 26 replies
Too many people are sleeping on this.Kentucky Economic Development has many site ready properties in smaller areas that are ripe for rentals.
Nate McCarthy
How to approach landlord about buying their rental?
13 January 2025 | 12 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.
Joel Lazar
Tracking App for Material Hours
5 January 2025 | 2 replies
I don't have personal experience with it, but when the app was first developed, I contacted the developer and put the app through a fairly robust test usage to see if it's something I would want to recommend to my clients (I'm a CPA).I think the app is great for its intended purpose and I do recommend it to my clients now (and have for about 18 months now).
Rafal Soltysek
RV park and glamping investing
7 January 2025 | 4 replies
Hi Mark, I am a founder of a startup helping RV park developers source land.
David Switzer
Question about ADA (no one seems to be doing it?)
14 January 2025 | 5 replies
I recently bought a commercial condo (retail) and have been going through hoops with the seller (developer) to make changes to make the space ADA compliant.
Ryan Mcpherson
Rent out house and bleed for a while or sell it and hemorrhage once?
16 January 2025 | 23 replies
To rent the home, I would lose about $2,500 per month (based on comparable rents in my area, property management fees, etc).Both options loose the same amount by roughly 2 years, and by this time, I still will not have built up much more equity in the home to make selling it a break even unless there is price appreciation by then.My dilemma is this: I speculate that my home will not appreciate much in the next 3-5 years due to the rapid pace of development in the surrounding area.In 5-10+ years, maybe, but by then I'll have bled $150,000 - $300,000.I have thought about this a lot and feel that I mar'-too close to the problem to see the best solution.
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.