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15 October 2021 | 8 replies
This would be considered a long term loan using AFR (Applicable Federal Rates), which is the minimum interest standard set by the IRS.
18 October 2021 | 30 replies
That's absolute insanity dude.1% is pretty standard in most markets.
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7 November 2021 | 7 replies
Get a standard lease & assign a number to each of the rental rooms in your house, and add that room number to each individual lease.
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17 October 2021 | 18 replies
What I think I have discovered, so far, is 1) in Georgia, it is perfectly legal to wholesale without a license; 2) for many if not most properties it is best to have buyers lined up in advance; although for an exceptional deal, it may not be necessary (incidentally, I do have a short buyers list already and plan to expand it; and 3) those buyers and/or a hard money lender can provide POF if needed, although in a FSBO with no listing agent POF may not be necessary.
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7 November 2021 | 10 replies
That is our culture and overall mindset, our standard.
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18 October 2021 | 3 replies
Be prepared and let them know if there is major hidden damage discovered after walk through they can be charged for it.
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16 October 2021 | 4 replies
Maybe work at a large apartment complex in the rental office showing apartments and taking applications.That way you can get to know how to show units, proper safety techniques for yourself during a showing, and standard industry protocol for a lot of other things.And make some friends along the way.Pro Tip: They tend to put fresh cookies out in a lot of places--but staff are not allowed to eat them.
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18 November 2021 | 7 replies
Since that was the case it wouldn't qualify for 1031 treatment.There's a reasonableness standard for calculating those expenses.
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18 October 2021 | 3 replies
Using my standard CoCs, Debt Service, ROIs, etc, I'm struggling with how to not have the numbers look amazing.
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25 October 2021 | 3 replies
Who is screening tenants and what are the standards?