Chris Thomas
House hacking one Oh one
19 April 2020 | 25 replies
I think it is a great way to reduce one of your largest monthly expenses, rent if not live rent free.You may be eligible for tax deductions that you were not entitled to before.
Jeremy Rouse
Found a deal - Hoping to find a partner
11 January 2020 | 3 replies
This will reduce costs to minor park maintenance and taxes.
Bryan Laufenberg
What should I be paying my real estate agent?
9 January 2020 | 6 replies
There are discount brokerages out there you can work with that offer reduced commissions but you get what you pay for as they say; working with these brokerages will limit the number of properties you get access to because the traditional brokerages don’t like working with them.
Jason Brown
Would you have done this deal? Made 45K but need advice!
9 January 2020 | 4 replies
Overall costs need to be reduced by $8k for me to do it.
Stephen Mattison
Competitively priced modular home builders?
9 January 2020 | 3 replies
However the aesthetics of modular houses are more modern (sell easier) and the turn around time reduces carrying costs substantially.
Mark Gliebe
Cap Rate on Multi-Family Property
30 January 2020 | 44 replies
Raise revenue or reduce operating expenses or both.You might run into explanation that seems circular - value is calculated based on cap rate but cap rate is calculated based on value, it's like watching a dog chasing its own tail over and over again ... at some point your brain will explode :-) As stated above, the breakdown in the logic is the fact that some people think they can alter and calculate cap rate, this is incorrect.
Jorge Guerra
First multi family deal under contract
10 January 2020 | 4 replies
.- Watersense or other water conservation methods with showerheads (the biggest drain on water bills other than leaks and loos) are often cheap and easy ways to reduce the bill with little to no impact on the tenants' lives.- LLC name can be anything you want, but I'd certainly think purchasing this and holding title as an LLC makes sense for a 14-plex.
Antoine Ferguson
How homestead exemption works?
9 January 2020 | 4 replies
In Pennsylvania, you can apply for homestead exemption at your local assessment office and it will reduce your school property tax for your primary residential residence.
David James
When a potential lender says "Im taking all the risk!"
11 January 2020 | 36 replies
Down the road as you do more deals, then yes you have a reputation.You will also hear people say on podcasts that leverage reduces risk.
Tyler Henry
Don't Want to Fix Toilets? Read This!
19 January 2020 | 8 replies
I follow the BRRRR strategy so most of the properties have been rehabbed which I believe reduces calls.