Alan Asriants
The Rental License Guide - Philadelphia
29 April 2024 | 4 replies
Once you close on your property:- You need to get a Phila tax IDhttps://www.phila.gov/services/payments-assistance-taxes/tax...- Then you need to register for a commercial activity licensehttps://www.phila.gov/services/permits-violations-licenses/g...- Once you have a commerical activity license you can finally get your rental licensehttps://www.phila.gov/services/permits-violations-licenses/g...All of the above will be done using the eClipse online portal systemIf your property is built before 1978:The system will kick back your application and you will not be able to get a rental license until you get a Lead Safe test.This is when you will hire a licensed 3rd party to come out and doing a lead test for you.
Arman Tannu
Financing Advice for Potential Triplex Deal
30 April 2024 | 7 replies
BUT you can skip the income piece, as "qualifying" will be based on rents received, not your personal income.
Art Webb
Roth Conversion Calculator
29 April 2024 | 2 replies
Calculator should provide amount of conversion tax payments needed, one or multiple conversion options, Medicare IRMAA impacts, various investment percentages of Roth growth vs IRA growth, and RMD amounts with associated tax bill.I’ve seen numerous CFPs hawk their services for $5,000 or more.
Dawn Peterson
Transfer LLC from NJ to FL
29 April 2024 | 2 replies
The only consideration may be that you’ll still need a registered agent for service of process in NJ.
Richard Mai
Exploring Co-Ownership of Property: Seeking Advice and Insights
29 April 2024 | 4 replies
That's where services like Nestment or other co-buying platforms come in: they act as an unbiased partner that says "this is what you should think about when buying a home with someone else", and help you set up an LLC, etc.
Robert S.
Standing water in yard and window well
1 May 2024 | 30 replies
Those should go all the way down to the base plate.
Timothy Eaton
What do I need from the tenant to do a proper screening?
29 April 2024 | 14 replies
We usually run background through a service like smartmove or keycheck or a couple others.
Shahar Segev
About to do my first flip in Valencia, Spain
30 April 2024 | 2 replies
Ideally, my buyers are fully employed and financially liquid foreigners - be it from the US, the UK, central and northern Europe - either a single person or a couple with 0-1 kids, looking to live there right now, rent it out as an investment and then sell it, or use it as a future base for retirement.
Amit Shukla
Tips for reviewing the insurance policy?
1 May 2024 | 14 replies
Based on the recommendations in this forum, I got quotes from Proper, CBiz, and Foremost.
Michael Calvey
What is the one thing you hate doing within your REI business?
29 April 2024 | 29 replies
Staying sharp with courses or classes not only helps you stay out of trouble but also shows you’re serious about being fair.Ask the Experts: When you're not sure what to do, talking to a lawyer who knows about real estate can really help calm your nerves and make sure you're doing everything right.Use Smart Tools: Think about using a service that checks tenants for you.