Concepcion D.
What makes a property rent ready?
22 March 2023 | 14 replies
RECOMMEND you break your SOW into 3 segments:1) Health & Safety + Property Preservation repairs - these should always be done to avoid lawsuits & further property damage- Handrails- Smoke detectors- Water leaks- Etc2) Needed cosmetic repairs that will affect marketability- Ugly paint- Ugly flooring- Out of date kitchens3) Miscellaneous that may or may not affect marketability- New windows (assuming old ones work fine)- Above range microwave- Anything that is slightly damaged, but still functional.
Austin Shively
Bank count for Forming an LLC with Partner
22 April 2023 | 6 replies
Wish both of you the best health.
Stephen Shelton
Neighbor hates a tree
23 April 2023 | 38 replies
@Stephen Shelton - they can trim the branches crossing over their property line... as long it doesn't affect the health of the tree.
Jaden Ghylin
Flip Tax Strategies
26 June 2011 | 6 replies
That said, there are some additional deductions that can be had just by running a business flipping houses:- Deduct any educational tools- Deduct any real tools- Deduct mileage on your car for work travel- Deduct home office (if you have a dedicated one)- Deduct health-related expenses, including insurance premiums (there are limitations)- Deduct equipment that you use in your home officeI'm sure I'm missing dozens of good deductions that you're afforded just by running a business -- though few (if any) are going to be specific to flipping houses.
Pj Arora
Long-distance or close to home investing?
22 April 2023 | 10 replies
We've delivered over 490 investment properties and greater than 90% of our clients live in other states or countries; only about ten clients were local.Back to selecting a good investment location.We developed a straightforward process for selecting an investment location that is highly likely to provide a passive income where:Rents keep pace with inflation, ensuring that you have the sustained buying power needed to maintain your standard of living.The rental income will continue for a long time.Below is an illustration of our overall methodology.
Gbadegesin Obisesan
Special case 1031 exchange
24 April 2023 | 5 replies
I am trying to contact an attorney but you are very knowledgeable in this area and thought I'd ask you first...the property is in New York.Also, I believe I spoke with you years ago about this but my memory is fading and health issues in my family delayed everything with the sale of this property.Thanks- Eric
Account Closed
Why do landlords pay for the tenants' water?
12 November 2015 | 9 replies
In order for a tenant to get the water put in their name, they must show a lease agreement, then the water dept checks for a dwelling permit, if there isn't one, they contact the health dept and all hell breaks loose.
Katherine Earle
Raising Rent Woes
15 March 2023 | 27 replies
If you pair those things with neighborhood comps illustrating higher rents, the evidence is there to base a rent increase off of.
Tayo Ogunnaike
House Flipper from Los Angeles!
1 March 2021 | 8 replies
I work full-time as a Director of a health care company, and and flipping homes was supposed to be a side hustle, but it has very quickly become somewhat of another full time job, but I wouldn't have it any way as I'm enjoying the ride thoroughly.
AJ Wong
Debt Limit Ceiling, mortgage rates and the influence on the RE Market
19 January 2023 | 0 replies
The country not being in a responsible fiscal position is good incentive to reassess your own financial and portfolio health and a strong reminder that we likely shouldn't rely on anyone or any expectations for our own financial independence and sovereignty.