Chris Gawlik
Whats it like to invest in C or D class properties?
8 September 2024 | 101 replies
:How are we defining class D?
Ryley Simpson
Beginner real estate investor
5 September 2024 | 4 replies
My advice is to try to define what you want to focus on (flips, rentals, etc.) and then work from there.
Jared Fisher
Refinancing a hard money loan
4 September 2024 | 10 replies
Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.
Michael Gonda
What to do with $3 million in equity
9 September 2024 | 52 replies
You are transferring various liabilities, namely maintenance and operations aspects from you too a buyer. gaining some liquid capital (down payments), while retaining control of assets.
Andrew C.
what do you use to track FixedAssets for depreciation/amortization?
9 September 2024 | 12 replies
., we track all the data per each fixed asset in Google Sheets and it's a part of our monthly/yearly processes to input the appropriate adjusting journal entries so the depreciation and amortization are reflected on the financial reports on a monthly basis for each fixed asset.We have a depreciation worksheet, an amortization worksheet, and another worksheet that details all other aspects of each fixed asset (placed in service date, type of property, partners, etc etc) per client.It's nothing fancy but it works for us.
William Harvey
Accounting for house flippers
10 September 2024 | 29 replies
Additionally, I am well-versed in the tax benefits of using an S Corp to treat each property as inventory, which can save you on short-term gains.Don't waste your valuable time on bookkeeping when you could be focusing on other important aspects of your business.
Christopher S.
Unlocking Chicago's Community Development Grant Program: A Streamlined Financing Path
4 September 2024 | 4 replies
(Note: These are non-negotiable requirements that must be provided) MBE/WBE/Prevailing Wage: All projects that seek City assistance are required to have a certain percentage of Total Project Costs (TPC) that are being performed by certified Minority Business Enterprises (MBE) 26% and Women Business Enterprises (WBE) 6%, as well as have labor costs that pay prevailing wage as defined by the State of Illinois.
Shalini Dawar
Property management Company by owner
6 September 2024 | 9 replies
("A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctions of any real estate . . ."
Ford Bennett
Investing in Tri Cities Washington?
5 September 2024 | 7 replies
Looking to meet people and learn more about the tricities area before defining the buy box.
Mike A.
Maryland Area
6 September 2024 | 32 replies
Maybe you should define Southern MD, because I see some people referring to places that I wouldn't consider to be Southern MD.