Brandon Simpson
Should I stay away from properties that have been on the MLS for a long time?
5 January 2025 | 8 replies
We wrote into our purchase agreement that a separate septic agreement needed to be drawn up and attached to the recorded deed for all future owners which protected us and the other home owner, and will make it easier to sell in the future with that in place.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
They must sign the form.The IRS offers an online tool that lets you check if the tax ID the contractor gave you matches the IRS records.
Dina Schmid
Misreprentation (or error?) of Lot Size, City and Zipcode on MLS
28 December 2024 | 11 replies
With the potential for a small financial loss on your end, litigation would certainly not be worth the hassle and expense.
Neeta Agrawal
Asking for Security deposit after 1.5 yrs
4 January 2025 | 7 replies
If you submitted an itemized breakdown within 30 days of your move-out date, there should be no issues.Did you take any photos for your records?
Kris Lou
Canadian Investing in Indianapolis
7 January 2025 | 9 replies
@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Jesse Streng
Detroit Property Manager
4 January 2025 | 20 replies
I want to give them the benefit of the doubt they are just struggling with staffing but now have seen some red flags that lead me to believe there might also be some type of deceit/fraud and possible financial trouble.
Shakthi Kamal
Is a min of 2% rent to price ratio needed for positive cashflow in today's market?
6 January 2025 | 2 replies
----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Scott Trench
2025-2026 Might Be One of the Best Stretches to Purchase Multifamily Since 2010-2011
3 January 2025 | 8 replies
Supply will be a Tale of Two Halves: In the multifamily sector, we will see another year of near-record setting supply hit the US.
Reid Ervin
Partnering with an Investor to Purchase Off-Market Portfolio via Seller Financing
7 January 2025 | 2 replies
I want someone who is not only financially capable but also shares my long-term vision for the properties and has experience with seller financing deals.2.