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21 March 2024 | 6 replies
If you can’t afford professional photos you shouldn’t be house hacking.Make sure your listing description includes the following items:RentIs utilities included or not?
22 March 2024 | 14 replies
We offer all 3 options (4 if you include email which go to a unified inbox).
22 March 2024 | 0 replies
This puts us somewhere between 18-27mo pending sale.Land Acquisition: 1M + 50K in closing costsHard Costs:Demo: 50KConstruction + Architectural Plans (survey, topography, permitting included) = 1.6M + 80KPool: 100KSoft Costs:Appliance package: 50KFurnishings: 75KLandscaping: 20KAnnual Carrying Costs (utilities/property tax/maintenance): 45KTOTAL: 3,025,000.00 After speaking with two lenders, it seems the best course of action would be to put 20% down on land for 12mo/interest only.
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20 March 2024 | 7 replies
(1) It sounds like your LLC is a separate tax filer, but the issue you may run into is that the IRS makes it tricky to buy from "related persons" under IRC 267(b) (a category that includes business entities) in a 1031 exchange.
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22 March 2024 | 5 replies
This typically involves making regular payments, including interest, over a specified period.
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21 March 2024 | 10 replies
There's a ton of information online, including here on BP, that you can research.
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22 March 2024 | 5 replies
This should be interesting as better agents who have more business will naturally keep the firm at higher commissions, leaving less experienced agents with more low-priced business.Uninformed sellers will push back on including buyers commissions in the sales price resulting in less competition and lower prices on those homes.Uninformed buyers will self-sort out of the market unless they meet a great agent to explain their options.
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20 March 2024 | 12 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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20 March 2024 | 13 replies
And how do I factor that in the Cash on Cash return when analyzing properties?
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19 March 2024 | 10 replies
Depends on a lot of factors including:- Was the property under-rented or at market?