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18 February 2011 | 9 replies
Get the contract, turn it over to the title agent and ask for a preliminary search before you spend money if you are in doubt.
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29 May 2011 | 19 replies
I did a "searh" in BiggerPockets for "Property Management Software," but there are lots of posts, and not sure which one to investigate; although, I hope to get to all of them at some point in time.
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14 February 2015 | 19 replies
Folks,Just an update on this after doing a bit more research on the IRS website.First, here is a link to information about the original IRS warning I mentioned (from 2008):http://www.irs.gov/pub/irs-tege/se1108.pdfIf you look at Page 3, there is a discussion of ROBS, and the concerns the IRS had.But, I also found this IRS release from just a month or so ago:http://www.irs.gov/Retirement-Plans/Employee-Plans-Compliance-Unit-%28EPCU%29---Completed-Projects---Project-with-Summary-Reports-%E2%80%93-Rollovers-as-Business-Start-Ups-%28ROBS%29It sounds as if the IRS has done some thorough investigation of ROBS over the past couple years, and have found that the reputable providers aren't breaking any IRS or DOJ rules.That leads me to believe that -- assuming the actual business owner is following the law -- ROBS in general are determined to be a legal use of retirement funds.
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9 October 2023 | 21 replies
Next they have to complete a (free) preliminary application where we ask them questions about income, evictions, etc.
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21 December 2023 | 6 replies
It was only 10 mins away, which made getting into real estate feel more possible.Because we live in a high cost of living state (Utah), I had been listening to a TON of Bigger Pockets podcasts and thought that distance investing would be the way to go for our next property.I investigated using a turnkey company, and even talked to some of them, including some of the companies on your list.
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29 August 2020 | 43 replies
That said, my regular 9-5 job is as an investigator for a statewide law enforcement agency, so I deal with the courts a lot in that aspect.
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7 December 2019 | 9 replies
Go to the city website, call the local building department and go to your local business journal or google "crane watch" and the city you're investigating. 4.
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11 September 2015 | 34 replies
When you finish your property manager interviews you should have a reasonable guess to the answers to each of the following:• Where• Type• Configuration• Rent range• Regulations (like eviction cost)• Typical rehab costs • Typical time a tenant stays• Typical turn cost• Insurance cost• Property tax rate• Probable property manager you would like to work with• Probable ongoing maintenance costs• Probable recurring costs• Purchase price range - When you know where, type and configuration, you can easily determine the sales price range using Zillow or a similar site.Time to dig deeper.Detailed Location Investigation ConsiderationsWith the property profile you created during Location Level Considerations, you should know what you want.
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9 December 2021 | 41 replies
you seem pretty matter-of-fact on this stuff...just curious after coming out of a 9-week civil rights complaint for denying reasonable accommodation to a tenant where I have 70-pages of email correspondence to his requests....he filed a complaint and the root of his complaint was another tenant...both disabled vets...both protected classes...he lost the hearing...thankfullyI think the point is that we're on the wrong side of the table...anyone with the will can lodge a complaint...and even if it's BS you won't be able to escape the system until you reach the end...and even at that, you're limited to the idiocy and bureaucracy that plagues the system to rule in your favor.Even if @Enyi Ajoku is exempt from federal fair housing, a complaint can be filed...and you can get caught in the spiderweb of government investigation.
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6 September 2023 | 26 replies
The property was in good condition and offered a fair price, but I now realize that I overlooked an important aspect during my initial investigation - the neighborhood.