Jordan Sutherland
Maximizing Profit While Maintaining Ethics
17 March 2020 | 1 reply
I help regular people buy and sell their dream homes, but my true passion lies in helping investors from all across the country pursue financial freedom through real estate investing, in my local market.
Syed Naqvi
Checklist to buy a Multifamily building or an Apartment complex
27 June 2020 | 11 replies
Any balances due, tenants with late payments still dueIdentify any existing evictions in progressCertificate of Occupancy from the City of LA9a Property Report Natural Hazards Disclosure Statement Copies of all current insurance policies and insurance company contact infoLoss run from the insurance carrier (my insurance broker requires this from seller)Copies of ad valorem tax statements covering the Property for the last twelve (12) months, if anyCopies of electric bills for last 12 monthsCopies of gas bills for last 12 monthsCopies of water and sewer bill for the last 12 monthsCopies of trash bills for the last 12 monthsCopies of any vendor service contracts (common ones include landscaping, interior cleaning, laundry, fire alarm monitoring, and pest control) Copies of any environmental studies affecting the property, if any.A list of anything that will not convey with property (common items include laundry machines and appliances owned by seller)Copy of current management agreementCopies of all existing surveys of the Property, if any.Copies of all warranties for appliances, equipment, utilities, roof, paving, pool, etc., if any.Copies of the last three years’ profit and loss statementsList of all capital expenditures in the last 3 yearsDate of systems updates, if known (plumbing, electric, roof, HVAC) Preliminary Title ReportCopies of the most recent title insurance policies, if any.
Chris Seveney
Bank Cut Reserves to 0.
16 March 2020 | 11 replies
Most gains will go back into the same asset due to tax regulations anyway.Mr and Mrs working Joe need more pocket money "Mean Green" to spend (lower income and property taxes) not more debt, which will naturally spur the spending (because most people will live close to paycheck to paycheck even as their income increases).Just my 2 cents.
Kyle Curtin
Agent vs investor question for you guys
23 March 2020 | 10 replies
I have read a ton on it and do research and it comes natural to me and I love learning about it whenever I can.
John D.
CA purchase and sale with seller-finance addendum contract
19 March 2020 | 3 replies
As I know I already have clean title, when I obtained my "selling inventory".Lately, ...because I've "built-up" a huge following and "cliednt-base", ...I do an "email blast" --- "to my regulars" and amazingly, ...many times, I sell a vacant parcel within minutes!
Nick Gray
Repairs vs. CapEx in Large Renovation - Tax Question
19 March 2020 | 5 replies
For the 2019 renovation funds, can I take regular depreciation (straight line over 27.5 years) on my 2019 tax return and then accelerate the depreciation schedule once the cost seg is done for my 2020 tax return?
Michael Belmore
Where will rates be in 6 months?
23 March 2020 | 12 replies
Do you think when the market stabilizes and the refinance frenzy slows down banks would naturally start to compete ?
Joy Hardegree
Recent FHA Purchase of Duplex w/ Inherited Tenants
23 March 2020 | 6 replies
There are usually exceptions during natural disasters / national emergencies.
Paul Sandhu
How much is your bathroom tissue? If you can find it.
20 March 2020 | 9 replies
Funny enough the big stores have their regular flyers out, so toilet paper is on sale at one store this week...assuming they have it in stock.
Divone Ledbetter
I'm negotiating my first ever wholesale offer today.
23 March 2020 | 1 reply
He says the house is set up the same as a regular house but he took the bathtub out .