Caroline Notman
Fix or quit vs Put up with them for 5 more months
4 September 2024 | 11 replies
They are currently in breach of their lease. 1. 2 unpermitted dogs 2. turned off my external security cameras. 3. owe me 3 late payments of $900 total, although rent is current.They recently apologized for being so rude to me and asked me if I would consider extending their lease for another 3 years.
Michael Plaks
Explained: How CPAs charge you (and why)
27 August 2024 | 13 replies
-Will activate heloc, seasoned the funds 3 months in external account, then go buy more properties.Overall need clarity on best way to fulfill these Business / Personal status/goals moving forward.While I hopefully build a relationship with some of you and get some answers, I am actively moving forward with the personal side of things and get the ball rolling on the heloc.Just need the categories I can run own accounts and hand over organized expenses, etc. what ever makes it smoother for the CPA.
Stephen Lynch
Long term mortgage or keep it in the HELOC
25 August 2024 | 13 replies
I grew revenue to over $1M in the first year without external capital or debt and maintained a growth rate of 20%.
Victor Peng
Seller financing Down Payment of 20 Unit Apartment Building
23 August 2024 | 8 replies
If it's external factors such as they need the money to do a bigger deal, or they're closing down their fund, or they're getting out of RE completely then fine.
Account Closed
is Renatus the Real Deal or a Scam?
30 August 2024 | 70 replies
They had me open up about 8 business cards and I had to pay extra to an external company just to help me open them up.
Malieka Henry
Mid term Rentals
22 August 2024 | 29 replies
Below are examples.Access control - Install remotely programmable smart key locks on external doors, such as on the door to the garage and the front door.
Tom Thomson
Insurance Company for Buy and Hold Rental homes
18 August 2024 | 12 replies
It also seems to be more common in some areas of the country more than others (due to much older construction in the region, higher exposure to harsher climates, older electrical and plumbing running through the home, etc.).
Jeffrey Smith
How to start my own Property Management Business
20 August 2024 | 17 replies
Another thing you can do is treat your current activities as if you are an external PM.
Tucker Cummings
REI Reply - Too Good To Be True?
23 August 2024 | 181 replies
My next batch I'll SMS to I'll figure out how to use an external skip service.
Brandon Bell
Lots of equity and cash flow...what should I do?
12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less) *new siding 30k (just put on a new roof this year) *legal 10-15k *fire proofing 15k * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home *big grocery store put in 3min away * newly paved road in front of my house *a building that was falling down across the street has been torn down * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.