Varika Pinnam
New construction or older property?
23 September 2024 | 13 replies
Either option is good but they both have pros/consNEW BUILD - You'll have all those warranties, 1 year, 2 year, 10 yearEXISTING HOME - You might have more freedom for what you can do with the house, no HOA & larger backyardA lot of new builds are offering interest rate buy downs that are lower than the regular market right now.
Felicia West
Getting major negative cash flow on deal analysis
26 September 2024 | 32 replies
And if you're losing money, you'd get that writeoff against your regular income plus the depreciation writeoff.Still, I'd find better areas where even if you paid retail or say 10% under retail, you can do a little better than lose 1k a month.
Neil Furry
Container units as rentals
23 September 2024 | 5 replies
Plus a regular home will have established value and appreciation while a container home will be hard to comp.
Karolina Powell
First time interested in a larger multi-family - how do I verify financials?
26 September 2024 | 17 replies
My realtor isn't showing me anything that isn't on the regular residential MLS and she doesn't really add any value to these larger deals.
Samuel Hopkins
Virginia Wholesaling Questions
24 September 2024 | 22 replies
I have not read the Virginia law on this, but we fund deals for wholesalers in Virginia regularly, so to the best of my knowledge there are no rules requiring a real estate license to do a same day back to back closing.
Michael Plaks
The so-called "STR loophole" - hype or real?
23 September 2024 | 19 replies
If your regular depreciation is not enough to erase all of your net income, cost segregation can do the trick.
Trent Reeve
Home Warranties for STR
23 September 2024 | 6 replies
(I don’t know if a regular warranty company would use this as a reason not to cover you as well, especially if the repair was expensive.)
Kearsten M Higgs
Advice on Skiptracing
20 September 2024 | 6 replies
Here are some popular skiptracing platforms and websites that investors often use:TLOxp: This is a service by TransUnion and offers a comprehensive database to find detailed personal records.Spokeo: Useful for basic information and sometimes provides email addresses and phone numbers.Whitepages Pro (now Ekata): Offers identity verification data, including phone numbers, addresses, and more.BeenVerified: This service aggregates information from various sources, giving you phone numbers, email addresses, and other details.PeopleFinders: Similar to BeenVerified, it pulls from various sources and provides detailed reports on individuals.BatchSkipTracing: Designed specifically for real estate professionals.
Ryan Shpendi
Trying to obtain lending on a parcel with both a regular home and mobile home on it
17 September 2024 | 4 replies
I am looking at a prospective out of state long distance deal that has been difficult to obtain lending on as there is both a regular home and mobile home on the same property and the mobile home causes the potential investment to not meet conventional guidelines and therefore not even DSCR loans are an option.
Austin Bird
Is this a good estimate for expenses or overkill?
23 September 2024 | 4 replies
This is just a general spreadsheet for calculating capex, regular expenses, vacancy, etc.