18 October 2018 | 1 reply
It is not a good idea to try and make enemies with public agencies.

29 March 2020 | 13 replies
Value after 1 yr = $102k; Return on Equity (ROE) = 8% ($6k CF, $2k appreciation)B: Buy 5 properties using 20% down and debt (30yr, 4.25%) on each: CF of $530/ month ($106/unit/month after debt service).

18 October 2018 | 2 replies
BiggerPockets has calculators that you can use to input the project financials and create a one-page PDF report to market your properties to potential investors.There are other paid services that provide similar functionality, but it's hard to say without knowing your investment strategy...

24 October 2018 | 37 replies
I am a realtor, so shouldn't have any trouble finding one in another state, but again, maybe an all inclusive service like Roofstock.com might be a better way to go in my case. 5.

22 October 2018 | 1 reply
Anything below 38% for a select service property is asking for trouble.How has the subject property done on the STR report in the last 3 years?

21 October 2018 | 2 replies
So the abatement contractor is responsible for literally cleaning every service of the unit before the testing agency comes in for the swab test.

19 October 2018 | 9 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

21 October 2018 | 3 replies
I had a great conversation with @Kay Kay Singh today about the depreciation of gas stations, and thought I would share some relevant information regarding the tax laws for the general benefit of the BP community.Gas Stations (or 'retail motor fuels outlets' as they're called by the IRS) are depreciated over 15 years, and not 39 years like almost all other commercial properties.If any one of the following three criteria are met: It is not larger than 1,400 square feet. 50% or more of the gross revenues generated from the property are derived from petroleum sales. 50% or more of the floor space in the property is devoted to petroleum marketing sales.Here is the link to the IRS publication on this subject where the above words were take from.

25 October 2018 | 30 replies
Easement of Necessity: Your property exists with no access to a public roadway due to surrounding properties owned by others.