25 July 2024 | 10 replies
For reference, see: https://portal.ct.gov/-/media/drs/publications/ocg/ocg5bonus...Is there an exemption to this rule or can bonus depreciation from a cost segregation study be applied via a different IRC code?

25 July 2024 | 14 replies
We're considering selling a property Subject to (S2) -- meaning the buyer would pay closing costs and a downpayment, we keep the mortgage in our name, and the buyer would make the mortgage payments and monthly payments to us.

26 July 2024 | 25 replies
In my test run of Tenant Turner, the salesperson quoted me the exact same capabilities, features, and cost as Showmojo.

26 July 2024 | 5 replies
Problem is, the first bank I've talked to said that I am going to get killed in fees, closing costs and interest, as it would be treated as 3 separate very small mortgages.

24 July 2024 | 1 reply
I feel like the time is now to start buying while rates are high, and property values are low.

25 July 2024 | 18 replies
The calculation includes all costs going in and monthly costs if being held.

25 July 2024 | 14 replies
You need to make sure there is room on the electrical panel to add larger appliances and also plumbing is easily accessible (to keep costs down).

24 July 2024 | 2 replies
@Joshua JonesThat low amount gonna be challenging- my recommendation is to focus your time on doing what needs to be done to save $10k of money so you can start buying with your own funds
25 July 2024 | 8 replies
- Have you stress tested the deal to see how low vacancy could go to still pay your mortgage?

26 July 2024 | 7 replies
If you have the cash and the credit and the deal scenario works (meaning the project cost is less than 75% of the ARV) then you should get 80% - 85% of the purchase, 100% rehab held in escrow, at about 2 points with like a 1500 service fee.