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1 December 2015 | 2 replies
Such as realistic time frame in establishing yourself, operational cost, marketing, will you need to mix residential in for a time until you are established, any software or materials that would be helpful, etc. any of your thoughts would be appreciated.Thank you
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20 April 2016 | 17 replies
I'm not sure of your education background/skill set, but property managers are involved with the day-to-day operations of the property that can be valuable.
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15 January 2016 | 7 replies
This is mostly true with older buildings where typical operating expenses are higher than newer properties and by using a limited 25% deduction for operating expenses (75% method) you will often show better net rental calculations than if you used actual.
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5 December 2015 | 1 reply
Appliances included with the RentalMonth to MonthDirect DepositLate FeesPet FeesUtilitiesAssignment and SublettingNo SmokingMaintenanceEntry By LandlordExtended Absence By TenantTermination on Sale of PremisesLease Termination Provision for Military PersonnelTenant Assumes Responsibility for MaintenanceBattery Operated Device(s)FiltersSteam Cleaning CarpetsProfessional CleaningLandscapingHOAKeys, Garages/GatesDamagesRenter’s InsuranceBreak Lease Option (Buy Out)AlterationsPest ControlHome BusinessesAttic StorageRenting Site UnseenAppliance MaintenanceFees/ViolationsDuct CleaningPlumbingChanging LocksPlay Structures, Trampoline, Pools and Other Large Outdoor EquipmentRoommateAs-Is ApplianceGood Luck you are doing great.
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5 December 2015 | 3 replies
Most of the posts here are asking where to find contractors, vet them, or referrals, personally I think by giving these files to them but using them carefully will help you vet if they are flaky or not, companies or GCs that know how to fill these and can comply to this will be a bit pricey, but I am 90% sure that they are of medium caliber and will be reliable than your "2 guys with tools".Files Uploaded:CKCC Daily Sign In Sheet - MOST IMPORTANT DURING A FLIP CKCC Project Budget Sample CKCC TEMPLATE Payment Application Sample CKCC Invoice CKCC Conditional Waiver and Release on Final PaymentCKCC Conditional Waiver and Release on Progress Payment CKCC Unconditional Waiver and Release on Final Payment CKCC Unconditional Waiver and Release on Progress Payment CKCC Residential Improvement Contract - Rehab Contract CKCC Residential Time and Material Contract Notices After Contract Signing CKCC Certificate of Completion CKCC Quote Request Form CKCC Purchase Order FormGood luck and happy hunting!
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6 December 2015 | 15 replies
Stay in control by denying the request and demanding to be responsible as the Owner/Manager/Operator
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10 January 2018 | 37 replies
You can also work directly with a tax attorney or CPA who is familiar with these plans.All 401k plans must remain current with changes to the tax code, so you will want to have an ongoing relationship with a legal resource that can provide periodic amendments.The advantage of a quality firm (not just a document provider) that specializes in self-directed Solo 401k plans is that you will have access to training and consulting advice so that you can operate your plan within the framework of the IRS limitations.
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7 December 2015 | 5 replies
Less than that, you may as well operate as a flipper of cars or a wholesaler of merchandise.
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6 December 2015 | 4 replies
You are becoming both a borrower and a lender and need to comply with all lending laws.
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25 December 2015 | 14 replies
On future deals, the sponsor is willing to take a minor (10-15 %) ownership to oversee operations as long as we, partners, take responsibility for financing it through a bank.