William Harvey
Accounting for house flippers
10 September 2024 | 29 replies
It is very crucial to have someone who knows real estate, not just rentals to help maintain the books.
Cosette Trantow
In desperate need of help
12 September 2024 | 27 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
Brandon Morgan
Is a property manager necessary?
9 September 2024 | 21 replies
I had 1 PM in the past who was a big corporation in this market and they caused a lot more headaches than anything, so vetting your PM is crucial.
Sam Liu
Selling & Buying with 1031
5 September 2024 | 13 replies
They'll provide crucial information, including the total amount you need to reinvest.
Dillan Gomez
First-Time Investor: House Hacking with a 5/1 ARM?
9 September 2024 | 12 replies
Comparing it to a 30-Year Loan is crucial, as it preserves capital but also takes on rate hikes.
Gonzalo Ambriz
Replacing Chimney with Bathroom: Seeking Contractor Referrals and Tips on Appraisals
5 September 2024 | 0 replies
This update is crucial to ensure lenders recognize the increased value of my property, especially since I have equity in the home and am looking to refinance at an opportune time.Is it necessary to hire a licensed general contractor for this type of project?
Minh Vu
Subject to deal with Hud Loans
6 September 2024 | 7 replies
Purchase price is 200k loan balance is 155K on mortgage statement but with the HUD loans it would add up to 177k including entry fee that would put PP at 200k Technically they are saying I'm only paying on the 155k the other remaining HUD loan that equal to 24k that is paid 2051 or when refinancing or selling this house
Morgan Gutierrez
legal timeline for updating investors
7 September 2024 | 10 replies
If it says they don’t have to provide anything then that’s the agreementTypically agreements require at a minimum annual updatesThe good ones do monthly or quarterly depending on offering type So an update was provided - finally- but it still excluded crucial information the investors should have been updated about (in my opinion) considering there was a significant change made in the project that they are unaware of.
Malik Javed
Maximizing Tax Savings with Cost Segregation: A 6-Unit Apartment Building Case Study
4 September 2024 | 2 replies
These deductions were crucial in offsetting the property owner's taxable income, effectively reducing their tax liability.
Mikhail Pritsker
Sponsors Underwriting Steps. 10 Questions to ask on the first call
4 September 2024 | 7 replies
This post will explore the sponsor underwriting process, utilizing a structured and practical approach for assessing potential sponsors.Sponsor Screening ProcessThe sponsor screening process can be divided into several key steps, each crucial for a thorough evaluation.