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5 March 2019 | 0 replies
Investors are better off losing the deal than getting into a situation where major repairs come as a surprise after the fact.Likewise, investors are ahead of the game when they do their due diligence on the contractors performing the rehab work.
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6 March 2019 | 11 replies
Can anyone suggest effective platforms they use and are satisfied with (because the system provides accurate information)?
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1 April 2019 | 11 replies
California now has a pretty onerous brightline test of sorts after the Dynamex case last year in the CA supreme court.A hired worker will be considered to be an employee unless it can be shown the worker passes ALL of the following test:1) The worker is free from the directions and control of the hirer in connection with the performance of the work, both under the contract for the work and in fact;2) The worker performs work that is outside the usual course of the hiring entity's business; and 3) The worker is customarily engaged in an independently established trade, occupation, or business of the same nature as the worked performed for the hiring entity.Note this is a lot more restrictive than the federal "questionnaire" for an employee vs IC determination.
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5 March 2019 | 0 replies
Performing as expected as a long term hold Lessons learned?
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6 March 2019 | 6 replies
I have no idea honestly - nor do I know how to figure this out.10% overhead for vacancy or - $347 per monthReplacement/maintenance reserve at 5% - $174 per monthNet profit per month: $2454 - is this accurate?
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8 March 2019 | 7 replies
Before I counter the seller, I am trying to more accurately nail down my pro-forma numbers.
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16 March 2019 | 53 replies
He did not perform appropriate due-diligence on these and/or maybe fell into the high-income Dr. mindset of "money is an easily renewable resource".
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23 August 2021 | 23 replies
To paraphrase this idea - your outsourced accounting partner should by performing the work and proactively providing solutions, as opposed to giving you items to research.
8 March 2019 | 4 replies
I dont think your pro forma is accurate.
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7 March 2019 | 5 replies
They are liveable, but new flooring, trim and paint would help spruce things up.For my analysis, I used some of the sellers pro forma info (as I have not fully accurately looked into items such as insurance, prop taxes, utilities, ect.) and used what I believe my numbers and annual income from rent/storage would be.