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17 November 2024 | 3 replies
Market is oversaturated currently, many landlords are not making any money.
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16 November 2024 | 14 replies
If your money man is not calling you back he is not going to do the deal.Do you think it is a solid enough deal to go to your friends and family?
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17 November 2024 | 5 replies
The wholesaler maybe has it on a daisy chain so is trying to get his fee outside because he isn't on the original assignment contract?
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17 November 2024 | 16 replies
I'm sure there is though!
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17 November 2024 | 9 replies
I've found that cost segregation companies don't always do a great job and will miss things even though it is something they specialize in.
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17 November 2024 | 7 replies
A cost segregation study looks at the overall building that you purchased and breaks it down as much as possible.The purpose of this is to increase the depreciation expense.Without a cost segregation study, you are depreciating the property over two items(Building and Land).However, a cost segregation study might identify items such as fencing which might be eligible to be depreciated over 15 years instead of 27.5 years.Depending on the year that the building was placed into service, you might be able to take bonus depreciation on certain items.The follow-up question to ask your CPA is will the cost segregation study help me, and by how much?
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17 November 2024 | 0 replies
After reviewing the cost to rehab and the area of town, I decided to Wholesale for a quick profit.Sold it on a Real Estate Contract (Owner Financing) with $100k down, the balance is financed at 10% for 13 months, then the loan is called.
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16 November 2024 | 7 replies
Total rent between the three is $3200/month.I have an adjustable 20 year mortgage with a balance of $100,000~ at 4.95% that is set to adjust in 2026.I also have a HELOC on that property at $180K~ with a 9.75% rate.
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19 November 2024 | 5 replies
One thing Airbnb and VRBO can not do is help schedule cleaning and maintenance tasks, owner accounting reports, and direct booking options that hosts need to go to next level.
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1 November 2024 | 5 replies
The buyer would then refinance before the 2 years is up.