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15 February 2020 | 3 replies
sounds crazy but here are my numbers
Say you find a single family for 200k in a c class neighborhood with a 9 cap rate purchase price- 200k
cap rate- 9
80/20 financing, 40k down
streams of return
appreciation (...
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16 February 2020 | 15 replies
Certainly don't want to cause myself tax issues, but I'm not claiming to be a qualified business seeking higher deductions either.
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15 February 2020 | 0 replies
A few months ago I heard on a podcast.....when putting a multi-family property under contract, one can have the owner assign the right for the buyer to place an insurance claim while the property is under contract.
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1 March 2020 | 3 replies
Other reports I've read claims that the Philly market is HyperSupply phase, but I guess this report slightly contradicts that given median days on the market is decreasing
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19 February 2020 | 2 replies
Of course I'm sure some folks would tell you "oh, I have a guy and I can do additions for only $70/sqft" or others who claim if you're paying less than $150/sqft your work is shoddy.
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5 March 2020 | 9 replies
I would take it to small claims court.
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24 February 2020 | 8 replies
They have charged me for fees that are a surprise on my statement - and when I ask them about it - they claim that my last account administer (who has since left the company) told them that I had approved it but never did the due diligence of double checking with me.
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28 February 2020 | 23 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris fraud and/or Morris Invest fraud for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.
23 February 2020 | 2 replies
We are also currently house hacking our SFH, renting out rooms, claiming everything on schedule E as we should, getting to deduct our mortgage interest and depreciate our house.
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28 February 2020 | 8 replies
Respectively, you budget is unrealistic and will cost you more in manual labor to keep up with communication than you might spend a bit more on a more complete solutions.