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9 February 2018 | 4 replies
Deal Flow Sent = 30% - Investors are actively receiving my deals, and I'm coordinating follow-ups and feedback on deals sent to them.
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1 March 2018 | 4 replies
I wouldn't transfer or assign the existing lease if the current tenant is completely moving out.
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2 March 2018 | 13 replies
I always get an email from Cozy letting me know that the payment is "in progress" (starting to transfer), and another when it is processed (transferred).
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10 March 2018 | 0 replies
Guys, as per new Tax rules, does it make sense for an average joe with 2-3 single family homes for say 850k-2M in total to get an LLC registered and have the homes transferred under them?
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31 March 2018 | 21 replies
Mine pays bills for me, responds to emails, and tenants, does inspections, coordinates maintenance all for no extra fee.
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12 April 2018 | 11 replies
To maximize its efficiency you’ll want to use shorter screws on the first layer so they don’t touch the plaster and transfer the vibration.
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7 January 2023 | 6 replies
Not sure what his title is exactly as it is a pretty flexible gig with ever-changing responsibilities - i.e. checking out properties for initial inspection; coordinating walkthroughs with contractors; running comps and creating pro-formas; supervising rehab jobs; and some office work.I'd also recommend looking into project management and construction company positions.Best of luck to you on your search!
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9 January 2023 | 9 replies
You can, after closing, do a quit-claim to transfer the title to LLC but the loan will stay in your name vs LLC's nameSounds like a commercial loan is the way to go for you since with fannie/freddie, you'll have to use your personal financials for qualifying for each mortgage vs a commercial loan where they can/will use property income for qualifying you for the mortgage.
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10 January 2023 | 4 replies
Hey @Wilder Fuentes,You're overthinking it here, and this is quite common.HOW you purchase something is largely irrelevant in this determination (i.e. a $100k home is $100k whether you purchase it all cash or using leverage).We'll use nice round numbers here.If you sold the home for $200k and had 8% costs of sale (agent commissions, title fees, HOA transfer fees, etc) then your net from sale would be $184,000If you bought this home for $100k and had $2k in costs of sale here, then your basis for the property is $102k.
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9 January 2023 | 7 replies
This person can be responsible for coordinating the work of the contractors, verifying that the work is being completed to your standards, and communicating with you about the progress of the project.Ultimately, the best approach for verifying the work of contractors on an out-of-state rehab project will depend on your specific needs and circumstances.