2 August 2022 | 1 reply
This can of course include cost segregation and bonus depreciation etc.. and if we assume it is not cash flowing, long term (a few years) the property would have to generate at least a good amount of equity, because we still want it to be a good investment in the long run, not just loosing money for loosing money sake and with the short term goal to provide tax shelter.
5 August 2022 | 12 replies
I gave them a list of things to clean and do which offended them and they ended up loosing the whole deposit since they chose to do nothing.
5 August 2022 | 1 reply
Purchase price: $95,000 Cash invested: $60,000 Purchased this 3/1 at the beginning of COVID when there was excessive supply and not many buyers.
12 August 2022 | 12 replies
This seems excessive to me. 1-2 inspections a year.
19 August 2022 | 21 replies
In fact, the only reason I wanted the license was to remove the typical 6 percent you have to pay when selling a home (but because I am planning on never selling my rentals, unless it seems like the ideal situation, I’m starting to loose interest in obtaining my license).
11 August 2022 | 6 replies
Joseph,Assuming your investment location is near Baton Rouge, LA, and the limited number of carriers wanting to write coverage in Southern Louisiana, you need to find an strong independent agency with access to many different carriers (especially those with access to multiple excess & surplus lines carriers).
11 August 2022 | 3 replies
It's common practice for flooring contractors to leave excess material with the homeowner for this exact reason.
13 August 2022 | 10 replies
Most brokers who are posting on linkedin are recruiting for their firm and the "qualifications" are very loose guidelines since you will be working on a commission only basis at most real estate brokerages rather than on a salary they will take most agents that have an interest in joining their firm regardless of "qualifications".
16 August 2022 | 12 replies
The payments in excess of loan repayments are "Other Expenses".
12 August 2022 | 1 reply
@Andrew Thomas That's a lot to unpack but I see some red flags in your post after loosely reading it.