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26 August 2024 | 13 replies
Hello all,I'm seeking advice on achieving a higher ROI in real estate investments beyond the 1% rule and maintaining around 35% of monthly operational expenses (including Cap-ex, maintenance, property tax, and vacancy).To the best of my knowledge and abilities, the 1% rule with 35% operational expenses seems to be the best I can achieve today.
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26 August 2024 | 3 replies
Best case they take the money and any penalties from you at closing.
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27 August 2024 | 8 replies
Also make sure the property is not in a MUD district for which you’ll have to pay often very high MUD fees (and can’t get rid of those most of the time).
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27 August 2024 | 0 replies
Today I wanted to share with you how to maximize deductions on like-kind exchanges using cost segregation.When a property is acquired in a Sec. 1031 like-kind exchange, one should consider several facts before deciding how to best depreciate the carryover basis from a relinquished property.
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26 August 2024 | 16 replies
Currently, we're doing market research to see what location would be best.
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25 August 2024 | 57 replies
Again...none of the tasks were very complex.
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23 August 2024 | 6 replies
I am looking at a property near Chicago and plan on closing very soon.
24 August 2024 | 6 replies
I have already got paid by the insurance .now it comes to signing the contract with this restoration company ( the same company that dry the house ) , and their contract was very basic .. it didn’t list in detail of what they were going to do .. for example 1.initial material ___$upfront 2.drywall / paint _____ $upon completion 3.Cabinet completion _____ $upon completion 4.Flooring _____ $ upon completion 5.
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26 August 2024 | 10 replies
Larger dogs are more likely to dig or chew, but some smaller breeds are more likely to relieve themselves indoors.Do your research and you can get an idea of what pets are best suited for a rental.
26 August 2024 | 5 replies
Assuming it is their personal residence for 2 of the last 5, the best thing would be to sell it from their name.