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21 March 2024 | 10 replies
*********************************Here's some additional appraiser brain droppings, not included in the "brief response".Assess the important characteristics of the Subject property, in relation to the market.
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22 March 2024 | 5 replies
When deciding whether to sell the rental property or buy out your partners, consider factors such as the current market value of the property, any outstanding mortgage or debts on the property, the potential for appreciation in the future, and the rental income generated by the property.Calculate the amount you would need to buy out your partners and compare it to the potential profit you could make by selling the property.
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23 March 2024 | 12 replies
Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?
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19 March 2024 | 1 reply
I’m looking for some help on the new apartment assessment form in Lake county area of Indiana.
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22 March 2024 | 9 replies
House hacking a duplex or fourplex can be a fantastic way to start building wealth through real estate while minimizing your housing expenses.To invest in real estate, define your investment goals, research potential markets, network with local investors, analyze properties, consider financing options, and perform due diligence.
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22 March 2024 | 7 replies
I need to prepare for tax filing and potential audits, but I'm unsure if receipts for every expense are necessary.I had an incident where the PM mentioned a referral fee of $350 for a tenant, but the bill showed $400.
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20 March 2024 | 6 replies
If you used that $100k to buy with hard money, you could find a value add deal and potentially move into a higher priced property or even a duplex.
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22 March 2024 | 6 replies
The ADU does not have a private entrance; you enter on the side of the SFH and they both share the same back yard.It is at the top of our budget already and needs potential mini-split HVAC added to it to bring highest Air Bnb value.
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22 March 2024 | 21 replies
This creates opportunities for short-term vacation rentals, potentially yielding high rental income during peak seasons.3.
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22 March 2024 | 13 replies
Selling can unlock equity for a larger building, offering diversification and potential higher returns, especially in the current strong market.