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20 September 2018 | 2 replies
The real estate focused CPAs on Bigger Pockets are all set up to serve clients from anywhere in the country or world.Perhaps you might want a CPA that specializes in real estate rather than one that is physically close to you?
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1 October 2018 | 10 replies
The classification of multifamily properties is not set in stone.Some people look at it by Construction Year exclusively, and others weigh in the Property Conditions, Ammenities, etc.Here is a very general classification by construction year:Class A: 0-15 years oldClass B: 16-29 years oldClass C: 30+ years oldClass D: 30+ years old in high crime areas.To answer your specific question about section8 being a Class B or A, I’d say it is not likely.
19 September 2018 | 1 reply
Maybe do a "secret shop" and have a friend or family member call and inquire on the property to see if the PM is easy to get in contact with and set up showings.
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24 September 2018 | 11 replies
You sound set there and so you just have to find the right deals.
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20 September 2018 | 4 replies
Would setting up an LLC be the smartest route tax wise?
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21 September 2018 | 6 replies
I wouldn't worry about artificial goals set by the internet, just focus on what reasonable for you.
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19 September 2018 | 1 reply
I want to know whats worked well, what hasn't, and where you see the market going.Please send me a PM here if interested, and lets set a date/time to meet!
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22 September 2018 | 4 replies
Set that number first and work backwards.
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19 September 2018 | 7 replies
I worry that by accepting what the tenant mistakenly thought the rent was would set the wrong precedent, but then again, won't have the vacancy issue.
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20 September 2018 | 10 replies
What if you get this property, only have, at most, $2,000 set aside for any expenses and then there is a massive pipe burst issue and you have to do some major repairs?