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10 August 2019 | 35 replies
For the 18 months that I hired them for their services, they have charged me over $11,000 for maintenance, repairs, & upkeep of this home.
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15 November 2017 | 5 replies
SFH: 53K purchase price and 850 rent, After taxes, Insurance, management, maintenance, trash and vacancy your looking at 483 a month cash flow. 10% cash on cash return.https://www.biggerpockets.com/calculators/shared/799536/883374da-28f1-4c6c-8db3-66a54da2a19c MFH: 95K offer with 45% down probably could raise rents a little to get 1400/month After all the expenses plus the debt service you're looking at 528 a month cash flow with 12% cash on cashhttps://www.biggerpockets.com/calculators/shared/799536/92455a43-f803-4687-a155-214530dc54d1MFH: 95K offer with 20% down drops you to 401 a month cash flow, but you only used 26K giving you 18% cash on cash return leaving you with 24K to go buy another place... https://www.biggerpockets.com/calculators/shared/799536/37e0d7d1-2628-4c90-9978-7af38635110dDepends a lot on your goals.
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14 November 2017 | 3 replies
I️ have flat out told sellers they can get more money with an agent listing there property and I️ still got the deal when I️ told them my benefits of fast and hassle free service.
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15 November 2017 | 4 replies
We use a paper application, pre-screen, and scan it to a service if they make the first cut.
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15 November 2017 | 4 replies
I have estimates of the costs for architectural services and a ball park figures for the renovation costs, acquisition costs and a financial projection of the revenues and investor recompense.
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15 November 2017 | 7 replies
Good luck and thanks for your service to our country and sharing your story!
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3 December 2017 | 4 replies
That being said, it is worth mentioning that if you provide a value or service, you should be compensated, regardless of the income class.
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15 November 2017 | 4 replies
If the partners agree to specially allocate one item (for example, capital gains) 80/20 for economic purposes per SEE safe harbor, the corresponding tax amounts must also be allocated 80/20.However, IRS has a framework that can reallocate the partnership items based on the “ partner's interest in the partnership” if IRS determines the method of sharing the partnership items lacks the “Substantial Economic effect” (SEE) To meet the SEE, there are strict rules to maintain meaningful capital accounts including Deficit Makeup Requirement for those accounts.With the requirement, the partner must at some point contribute sufficient capital to eliminate the deficit, and the partner has the burden of the loss that partnership has and the allocation of the partnership will be respected by the IRS.This is a very high-level summary of the rules and is not comprehensive. there are many exceptions as well.Since the substantial economic effect, safe harbor allocation rules are complex and requires considerable additional recordkeeping, it's easier to follow PIP standard.
15 November 2017 | 2 replies
Most of the time the income generated by the building won’t even cover debt service.
28 November 2017 | 5 replies
Remember when choosing a property management company or any other contracting service for that matter, CHEAPER is not always (and usually NOT) the best.