Jacob Havlovick
Duplex House Hack
22 January 2025 | 8 replies
Currently the other unit is empty and wasn't sure how to handle the taxes regarding this, so I am looking for refences of an accountant in the Phoenix Metro who does house hack taxes.If you have any other pieces of advice or wisdom for landlord and tenant rights it would be greatly appreciated.
Jared Fisher
Cleveland Property Manager Recommendations
11 January 2025 | 9 replies
Ask to speak with some of their current owners and current/former tenants.
Aristotle Kumpis
Is it possible to buy with no money out of pocket?
1 February 2025 | 16 replies
Are the properties you currently have cash flowing?
Luka Jozic
Experience of OOS investing in Cleveland after 1.5 years.
29 January 2025 | 107 replies
Currently, my strategy is to rent to section 8 tenants for the guaranteed income.
Edgar Duarte
should I sell NOW to avoid taxes or hold it for appreciation?
22 January 2025 | 4 replies
If you net a $300,000 profit from the sale of your current you could in theory invest in a $1.5MM property.
Braeden Warg
What to pull permits on
27 January 2025 | 8 replies
The house we just bought is in cabarrus county and currently 1300 sqft with a 200 sqft breezeway.
Bayo Badejo
103 unit assessed cap rate of 5.4(accurate?)
15 January 2025 | 3 replies
Are the units vintage quality with in-place rents $500/mo below current market?
Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.
Christina Galdieri
Seeking Advice: Combining Business Needs with a New Property Idea
24 January 2025 | 5 replies
If the business sells (it’s currently listed), the rent payments would stop, but I’d still own the property as an asset.
Danielle Weaver
How to protect yourself as an owner who pays utilities
17 January 2025 | 5 replies
So, I talked to the current tenant got her bills (I knew how much they would be roughly since I had a rental up the street I was remodeling to get on the market).