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2 January 2025 | 8 replies
- Our goal: Learn the ropes and eventually build a portfolio.Looking to connect:- Are you a non-US citizen/ non-green card holder investing in the US?
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30 December 2024 | 24 replies
For example: This month they charged a full month for tenant placement fee then, the same month, they charge a PM fee.
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30 December 2024 | 6 replies
@Angelo LlamasAt the bare minimum, you should do the following to make your bookkeeping easier:- Dedicate one checking account and credit card exclusively to real estate.
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12 January 2025 | 20 replies
They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol
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2 January 2025 | 13 replies
Cards and board games for older kids but they will all have tablets or phones unfortunately.
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4 January 2025 | 11 replies
What @Mackaylee Beach said....at least have this guy fill out an application and check his background (and charge accordingly).
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14 January 2025 | 37 replies
I've vehemently argued against acquisition fees, syndicators that don't put a significant investment in their own deals, anything called a fund, large GP groups where you don't know who is in charge, and syndicators who ONLY raise money and don't manage the property, plus many other more minor sins.
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2 January 2025 | 2 replies
Sorry you are dealing with that, it sounds awful.My guess is most attorneys are going to charge hourly on something like this unless you are suing the HOA for damages in which case they may take a contingency fee.
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27 December 2024 | 2 replies
For us we all typically use 0% business credit cards to furnish the property which can amount to $40-$60k+ depending on how crazy you go.
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12 January 2025 | 12 replies
This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.