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4 October 2024 | 12 replies
I would love to hear any recommendations of online resources and/or podcasts to understand the market better, as well as RE investing in general.
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6 October 2024 | 7 replies
The roof had to be repaired bc a tree fell on it during a storm and the roofing contractor's tarp blew off during another storm and that's how water got in, which the tenant has acknowledged.
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17 October 2024 | 1 reply
Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.
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5 October 2024 | 2 replies
Good afternoon allJust for general discussion.....and I know there is a lot of information not given....I was discussing with several colleagues at a recent investor meet up, on their thoughts on best practice/method to acquire another property management company in our geographic location.We were approached by another management company who's owner wanted to retire and presented us with an offer.Original discussions with the other management company(seller) had them wanting a one time payout, say $100,000.
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18 October 2024 | 2 replies
Good Morning all, am in the process of selling my coop first per loan officer and will be buying coop (2bedroom) pending sale of unit on contract we signed- my question is when I do my taxes will I be hit with anything ?
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18 October 2024 | 0 replies
., Canada, and Mexico due to economic pressures on lower- and middle-income consumers.
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17 October 2024 | 5 replies
Should be on BP as well under their list of recommended lenders.
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5 October 2024 | 19 replies
And then re market it they cant have a buyer lined up ahead of time.. as that on its face means they have marketed the property.So read em weep wholesalers assignors.. but I am going to provide ulra short term funding for X wholesalers were we will do JV deals and they can still do what they do.. obviously its going to cost.. so wholesalers with limited profits wont be worth it..Or X wholesalers in SC simply have to get a RE license and get in the business that way .
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5 October 2024 | 2 replies
.• A condominium was purchased by Person A on 11/1986 for a property value of $52,700.• On 11/2015, the condo real property was quit claim deeded by Person A to Person B as a joint tenant with rights of survivorship and Person C as a joint tenant with rights of survivorship.
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17 October 2024 | 8 replies
I like simplicity, which this does not seem to have, based on their website.That being said, as others noted, I would look at what your goals are first.