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18 March 2024 | 5 replies
We've actually attempted to clarify this recently with an update to provide some clarity.
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19 March 2024 | 12 replies
The main items in our renovation are:New water main from curb and valveNew electric service and panelAdd bathroom + convert to full bathLVP in 70% of the houseInterior PaintingAdditional bedrooms in basementKitchenette in basementEgress(x2) in basementOur scope of work should create a great living space for us to grow into, but also provide a rental unit that competes (or even exceeds) the area offerings for medium term rentals.
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17 March 2024 | 4 replies
I consulted with my CPA, who advised that the policy loan should be transferred to my LLC for private lending purposes.
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18 March 2024 | 6 replies
However, it's always best to walk the property with an agent who can give a decent guestimate on the repair cost of the house to see if the list price will work before sending out a GC.If your properties are ideal for flips and they are actually priced to sell, they will likely go under contract before you can coordinate all of that so you need to be on your game at all times.If you're working with an agent, they should be able to provide you with a rolodex of inspectors, lenders, and GCs they work with to take the burden off yourself.
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19 March 2024 | 19 replies
right now its more looking like a solid 30% down providing 100% of construction upto 65% ARV .
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18 March 2024 | 3 replies
Are aware of any software solutions/service provider for managing C-corp operations like payroll processing, book keeping etc ?
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18 March 2024 | 3 replies
I am assuming since I would act as the bank - I would have to provide yearly interest tax statements for the buyer.Thanks,Scott
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18 March 2024 | 3 replies
She is an expert here in South Florida and will be able to provide you with sound advice.
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19 March 2024 | 24 replies
@Whitney Lares I kept my first BRRRRs as LTRs, I know MTR and STR have higher income potential but my goal is time and income, LTRs provide me that and the management of these in STL are much lower monthly % so it works for me.
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18 March 2024 | 10 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!