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26 June 2024 | 2 replies
We are also dabbling in investor funded projects but nothing has stuck, YET!
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26 June 2024 | 8 replies
Within a few months you should get a good feel as to what your average occupancy rate will be.
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27 June 2024 | 4 replies
You can then approach a plumbing company to negotiate special rates for those involved.
26 June 2024 | 2 replies
Change things like interest rates and rent payments if they are not currently agreed upon to get a more comprehensive view.
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27 June 2024 | 28 replies
I received a 6% return rate, and had a chance to purchase 4 properties.
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26 June 2024 | 2 replies
For example, if the previous last month's rent was $1,000 and the new rent is $1,100, you would request an additional $100 to cover the increase.Update the Agreement: Ensure that the lease renewal includes a clause that reflects the new last month's rent amount.Refund and Repay:Refund the Previous Deposit: You can return the last month's rent from the previous lease to the tenant.Collect New Last Month's Rent: Then, collect the new last month's rent at the increased rate as part of the lease renewal process.Steps to Take:Review Your Lease Agreement: Check the current lease agreement to see if there are any specific clauses regarding the adjustment of last month's rent upon renewal.Communicate with Your Tenant: Inform your tenant about the rent increase and how it affects the last month's rent.
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26 June 2024 | 3 replies
I bought a property in FL with SDIRA funds and filed the foreign LLCs with the State of Fl.
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25 June 2024 | 11 replies
However, the good news is since you've owned the property for over a year it will be considered a long-term capital gain which holds a much lower tax rate than if you owned it for less than a year.
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25 June 2024 | 14 replies
Some allow it but have penalties.Unfortunately there is no platform for this type of activity so you may want to reach out to friends and family or someone who is invested in the fund and wants to increase their position
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26 June 2024 | 4 replies
Even if it is not a requirement to have a high credit score for approval most asset-based lenders will use the credit score to determine your rates and terms based on your risk factor.