Steven Catudal
Partnership split help
20 January 2025 | 11 replies
Perhaps if your partner was a general contractor or handyman type there may be some merit there to reduce costs / increase profitability.If your partner enjoys deal sourcing, a better move might be for him to become an agent - so he could legally collect commissions from finding deals and managing properties for multiple people.
Kyle McVay
Looking for Property Management Rec.'s
20 January 2025 | 5 replies
But I wanted to collect some recommendations in the meantime.
Leon George
New to BP Community
24 January 2025 | 13 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Roxanne Whitaker
MD Tax Law on Out of State Investment Owners
15 January 2025 | 1 reply
The withholding can also be stopped altogether, and only actual taxes owed will be collected by filing form MW506NRS at least 21 days prior to settlement and filing it with the Comptroller of Marylands office to get the exact actual tax owed calculated.
Luka Jozic
Experience of OOS investing in Cleveland after 1.5 years.
29 January 2025 | 107 replies
Collect properties instead of money.
Amanda Lindsay
Is Rent Redi too good to be true?
19 January 2025 | 13 replies
If it would concentrate on rent collection only and do it well, it might be okay.
Bruce Rasquinha
SDIRA's as investing tools
23 January 2025 | 5 replies
Many opt for other investing methods in their SDIRA like private lending, crypto, private equity...anything except collectibles and life insurance.Note that a Solo 401k is exempt from UBIT on leveraged real estate so if you have self employment activity and no full time employees save for you and your spouse you should consider the Solo K as an option.
Abhishek Wahi
Question About Location: Plymouth Michigan
23 January 2025 | 4 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Erik Sanders
Mentorship groups/investment clubs for beginners
22 January 2025 | 2 replies
However I’m not ignorant to the fact that there is a lot out there just collecting money and not providing much.
Kody Smith
Hello, I'm just Getting started with creative finance.
24 January 2025 | 4 replies
.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.