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6 May 2024 | 12 replies
If there are no studios, I’d be a little wary unless you know for sure your demographic will be solo travelers, couples, or people working remotely.
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7 May 2024 | 9 replies
This is why people only put one property in each LLC.
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7 May 2024 | 5 replies
While CA is generally view as tenant friendly people are still investing there and making money.
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7 May 2024 | 19 replies
I have seen some people well respected in the industry recommend her on several different real estate groups on Facebook.
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6 May 2024 | 6 replies
It's too bad we can't trust people, I know....
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7 May 2024 | 56 replies
There are a number of guidelines the IRS has for performing a proper cost segregation study (which will pass in the event of an audit) Here is the link to that list on the IRS website:Cost Segregation Audit Technique Guide - Chapter 4 - Principal Elements of a Quality Cost Segregation Study and ReportI have never seen a DIY before, but I'm sure people do it.Depending on the size and type of your property the fee for engaging a qualified engineer-based firm to conduct the study can be as low as $3,000 (lower in certain cases), and the significant benefit created well outweighs the minimal costs.
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6 May 2024 | 6 replies
Some people (us included) keep our contractors close to the chest so it's easier to find banks and vendors (like carpet installation).
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7 May 2024 | 24 replies
@Andrew Reis High credit card utilization brings your credit score down, which is one reason people may not use them.
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7 May 2024 | 7 replies
I'm wondering if people agree or disagree.
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7 May 2024 | 5 replies
Lastly, I always caution clients from taking advice from people that might not be experienced investors.