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13 March 2024 | 11 replies
The biggest problem with people doing driving for dollars is that they do not understand the concept of motivation.People often look for distressed properties.
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12 March 2024 | 3 replies
If you put it on the city's radar you will need to bring it into compliance.I am not 100% sure I understand your overall question though...Are you wanting to put a rooftop deck on your roof and create a hatch in the enclosed porch to get to the roof top deck?
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12 March 2024 | 4 replies
Understanding local regulations and zoning laws is crucial to avoid legal issues.
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12 March 2024 | 4 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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12 March 2024 | 0 replies
My understanding is that interest income derived "in the ordinary course of a trade or business" is considered business income and is subject to SE tax.
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12 March 2024 | 12 replies
I always use a mixture of sources between Furnished Finder, Zillow, DPGO, and other sites to understand the supply and demand of MTRs in the given market.
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13 March 2024 | 7 replies
If you settle i would understand the consequences of that on your insurance.
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12 March 2024 | 10 replies
However, ensure that you fully understand the rules and timelines associated with a 1031 exchange to make the most of this opportunity.Cash Flow Analysis: Your estimated cash flow of $13,000 per month with the Indiana duplexes is impressive.
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12 March 2024 | 13 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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12 March 2024 | 5 replies
This is a two-way interview, so have a short list of questions to ask the mentor (What books do you recommend I read to gain a better understanding?