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30 April 2024 | 1 reply
I would make sure if it was installed in or above a finished space that it had a pan underneath it in case of a failure to eliminate/reduce possible damage.
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3 May 2024 | 23 replies
But, for all the Minimum Wage Slaves that work in the Retail and Service businesses, it made the Rents double and triple at a time of Inflated gas, food, medicine to where my old tenants call me begging for help to find a place to move to.
2 May 2024 | 17 replies
RE is not a magical business that prints money no matter what.
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3 May 2024 | 3 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
3 May 2024 | 7 replies
Folks don't go broke taking a profit.That said, if real estate is a long-term business for you, maybe start portioning cash flow into capx so these issues/expenses aren't as worrisome.
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30 April 2024 | 9 replies
If he makes the pit smaller and install the new pump, then he would guarantee it for one year.This property is in mid-west and I am out of state, so I can't really do it myself.What I am not sure is even if we make the pit smaller per his quote below: Would that solve the failure of the ejector pump?
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3 May 2024 | 8 replies
It really can make or break the success of your STR business.
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2 May 2024 | 4 replies
.- then we typically have "rent commencement" or when you start paying rent, to be the earlier of either 180 days following lease commencement or when you are open for business.
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2 May 2024 | 5 replies
Should be no problem deducting this business expense.
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30 April 2024 | 22 replies
Reorgs make it difficult to track failure.