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11 March 2024 | 1 reply
Our cash offer was 70% of the ARV minus repairs, in as-is condition.
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11 March 2024 | 5 replies
This is the most accurate method for determining the After Repair Value (ARV).Your broker can provide a Comparative Market Analyses (CMA) to assist you in estimating the specifications of homes in the area and the value that these specifications add to your property.
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11 March 2024 | 7 replies
Also look at the type of electrical wiring as that can be an expensive repair if it needs to be updated.
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11 March 2024 | 10 replies
The best accountants and CPAs will be able to offer you a secure document transfer system in order to keep your sensitive information safe, and also be able to conduct their bookkeeping and tax return services electronically as well, saving both time and money.In my personal ventures into real estate, I have started several LLCs and would be happy to share my real estate experiences with you.
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11 March 2024 | 4 replies
are there any big ticket items coming up that will need to be repaired or upgraded?
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11 March 2024 | 8 replies
Oftentimes there's a disconnect between what the client wants and CPAs services.
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11 March 2024 | 4 replies
Hi Shannon,Given that we are accountants/CPAs, it's against the ToS on BP to advertise/promote our services.
11 March 2024 | 7 replies
$ for PITI (Principal, Interest, Taxes, Insurance); • 10% for Management; (even if self-managing, pay yourself for your time)• 5-8% for Vacancies; (Turnover happens & when it does it requires cleanup, repairs, listing, showing & leasing which can take up to a month easily.)• 5% for Repairs & Maint; (Repairs happen even on new builds)• 5% for CapEx; (Larger Expenditures will happen over time, so you have to figure for them.)• ?
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12 March 2024 | 5 replies
Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.
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11 March 2024 | 3 replies
@Jason O.I've rented to over 700 students (under and grad) and I understand the market well.To do it successfully: time it with the academic calendarSept to May: flat price including utilities and furniture for max revenue, can include a cleaning service to keep an eye on the rental.May to Aug: depends on your city density and the amount of summer classes, increase the price to accommodate the demand or decrease it accordingly.