16 April 2024 | 18 replies
Google search "landlord/tenant attorney (insert your city)" keep in mind to ask the important questions during your consultation because after you've accepted them for the job they charge from anywhere from $250-$400 an hour which includes; phone calls, emails, court appearances etc..

17 April 2024 | 10 replies
Since you will basically be doing all the work including finding the deal, doing the construction and leasing/renting it out, that might make sense from a structure standpoint.

16 April 2024 | 5 replies
Regardless, you sort of need to take two steps at once: A) talk with an attorney to understand your options and nuances of those options and B) start having conversations with people you might think would invest with you to understand if there is any real interest, what they are looking for and if you can realistically offer that to them with what you are doing.Once you have that, then you need to understand underwriting with investor capital, proper fees and profit splits, taxes, reporting, etc.

16 April 2024 | 6 replies
Let's start with a quick history lesson, is a conversation about affordable housing any more relevant than the day a terrible CPI report driving Shelter Costs is released?

16 April 2024 | 6 replies
Stretch goals for the year include: getting my partner started with a flip and providing support as needed - she's a REALTOR, works in property management, and is interested in flipping; begin a marketing campaign to test out wholesaling as a deal-generation strategy.

15 April 2024 | 8 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

16 April 2024 | 2 replies
I have rental reports for each one and the properties are listed below by purchase price:1.

17 April 2024 | 39 replies
Valuation for Property Management 3X to 5X Seller Discretionary Earnings or 1X to 1.5X Annual Revenue, depending on how well established the brand and reputation is in the market, market share, number of units, scalability, etc...Transaction Structure, never buy a Property Management business for cash, you must include an earn-out structure or provision to protect the purchase against clients/property owners leaving post-transaction.

15 April 2024 | 7 replies
Rental income is typically subject to taxation, and you may need to report the rental income on your tax return.
16 April 2024 | 1 reply
Infact, I would have to show tax returns on LLC for two years before I can include it in pre-approval.