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19 November 2024 | 2 replies
Assets identified in this study include:Building Systems: plumbing, HVAC and electrical distributionInterior Construction: flooring, drywall partitions and ceilingsStructural Components: doors, roofing, windows and wallsPermanent Fixtures: emergency lighting, restroom fixtures and signageThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.
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18 November 2024 | 9 replies
Have your attorney if they have REI clients review it.
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19 November 2024 | 23 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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21 November 2024 | 4 replies
Different entities have different review & permitting timelines.
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18 November 2024 | 15 replies
There are plenty of us on BP just reach out to a few and review their posts and just talk to them if they are open to new clients.
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18 November 2024 | 3 replies
For further reassurance, you could take their lease to a real estate lawyer and ask them to review it.Lastly, If you have any friends in the property management space, maybe you could buy their leases as well.
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7 December 2024 | 150 replies
Annualized from the 30 days start to finish is 2085%...but really 'you don't need a calculator for that deal'....A Duplex in Toledo, we got the note for 16K give or take a few dollars, reviewed the collateral file and found that it had deed in lieu already recorded by the borrowers without the banks permission.
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19 November 2024 | 26 replies
We had to pay for a 3rd party to review the appraisal and either agree or disagree that it was done correctly.
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18 November 2024 | 14 replies
This was my slowest off season since the Great Recession (not counting Covid lock down periods) 2) when building up your reviews you will likely be best served by having a rate below market.
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17 November 2024 | 0 replies
After reviewing the cost to rehab and the area of town, I decided to Wholesale for a quick profit.Sold it on a Real Estate Contract (Owner Financing) with $100k down, the balance is financed at 10% for 13 months, then the loan is called.