Michael Bertsch
Fireplace
21 December 2024 | 14 replies
On the advice of the fireplace guy who did our last cleaning/inspection, we sanded down the brick inside and painted it with the high heat black paint, and it states in the lease that they may use a fireplace-style candelabra if they'd like, but any other use will trigger all the rules in the Fireplace Addendum.
Silas Melson
Estimating Rehab Costs
14 December 2024 | 15 replies
What I do is develop my own scope of work and then make my own estimate for each line item.
Lenny Montesano
Young aspiring real estate investor seeking advise
3 January 2025 | 26 replies
You have a natural advantage with other baseball players and providing them leases that fit their needs.Knowing a couple of others who have played minor league ball, your real estate strategy is going to be tricky because you will be very busy with baseball and it's travel.
Andy S.
Security Deposit Account in NJ - Do I include account number in lease
9 December 2024 | 2 replies
Per NJ law, must I include account number in the lease?
Maxine Antoine
New Member From New Jersey
27 December 2024 | 20 replies
Be prepared to navigate through potential tenant issues and lease terms.
Ali Mol
Question about Treating the Credit in a Lease-to-Own Agreement
9 December 2024 | 1 reply
@Ali Mol In a lease-to-own agreement, the $1,666 monthly credit should be treated as a liability (deferred credit) rather than rental income, as it is allocated toward the purchase price.
Alison Rodriguez
Buying with cross collateral
21 December 2024 | 1 reply
I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗
Tar-U-Way Bright
How could I use my LLC
24 December 2024 | 14 replies
Also, I don't know if it would be worth it from a liability perspective either, but would advise to chat with an insurance pro/legal pro.When purchasing a primary residence, conventional loan guidelines will require you to take down the property in your personal name.When it comes to taxes, you'll likely be able to take the standard deduction AND itemize Interest, Taxes, Insurance, Depreciation, and expenses prorated based off the rented portion of the property when reporting the 1040 along with W2 income.
Jeremy C.
Leasing Broker career path
7 December 2024 | 1 reply
I would like to branch into commercial leasing with a government client niche (solar farm land and datacenter leasing too).
Kevin Luttrell
Property management company recommendations in OC
19 December 2024 | 2 replies
One PM company I dealt with back in San Diego... thankfully not in OC... buried costs for advertising and re-leasing in their contracts.