Yesenia Charles
Should I liquidate my Seattle properties while I can? Existential crisis
12 February 2024 | 16 replies
After taxes, commissions, and fees I think it can get 220K, but I’ll say 200K to be conservative.
Ryan Leake
Should you hire cohost/manager for your STR?
12 February 2024 | 6 replies
The extra exposure as well as having a dedicated revenue manager usually offsets a lot of the management fee.
JP Krueger
Sell as 2 family or condo conversion
12 February 2024 | 8 replies
The problem is I cant even come up with ballpark numbers because there are so many variables, but I will give it a shot.Sell as is: $700kCondo conversion: 2 units for total of 1.1M to 1.3MExpenses: 200k-300k for attorney fees and all repairsOpportunity cost(carrying mortgage and delaying debt paydown/investing): 150kCondo conversion profit: $650K To $950kWhat am I missing?
Jordan Fair
Seasoning Periods for cash out Refi's?
12 February 2024 | 14 replies
Quick caveat: I usually don't like lenders with no seasoning periods as they make you pay for that risk and resale fees through Discount Points and Higher interest rates.
Darian Gore
Should I hire a CPA
12 February 2024 | 11 replies
Especially as your property portfolio grows you will need a tax prep and advisory firm to ensure you don't make costly mistakes and to help with advanced strategies to lower taxes.To help you in your search: be sure to find an accountant that is willing to grow with you, and is not too high priced fee wise.
Collin Perry
California Proposition 19
11 February 2024 | 4 replies
The new taxable value will be the fair market value of the home on the date you inherited it, adjusted each year after for the inflation factor, and enrolled as of the lien date following the date you moved out.
Justin Epperson
Philadelphia New Construction Loans?
11 February 2024 | 5 replies
Univest is not taking on new clients right now, Spring Garden's fees are too close to hard money and the previous lenders I have used have merged or been sold.
Ashley Ernst
Need Urgent Advice: Red Flag Tenant
11 February 2024 | 9 replies
What you might do in this case is estimate the time and cost to get rid of the tenant, should it come to that, and then factor that into your calculations.
Dennis Walker
Deferred Sales Trust
12 February 2024 | 18 replies
That may help you to be in a better negotiating position when you make offers, and you probably will feel less stress.With the MIS, you can also basically create your own DST, without the trust, the trustee, and the fees, so you can invest with complete freedom.
Dyllon G.
Dallas Market - what investment strategies are people using?
12 February 2024 | 9 replies
We at one point had about 22 Airbnbs but that market has definitely become more saturated, a lot more competitive, city restrictions and fees have really increased for consumers.