Evelyn Zanetti
dilemma, reinvest with 1013 exchange or take a major loss?
7 June 2018 | 13 replies
Not really because I found out that, after the real estate agency's 5% fee (30K), I will have to pay around 30% in capital gain taxes which comes up to a whopping 96K.
Muneef Alfadli
Turnkey recommendations (Norada or Memphisinvest or Roofstock)
21 October 2018 | 14 replies
I do not think this was a major strategy killer, but the house sat empty during peak rental time (Summer before school started) and is still vacant at a price above Proforma.Some Observations: Closing costs came out to be much higher than the proforma estimateTaxes were spot onProperty Mgmt. fee spot onThe vacancy is listed at 4%, even though PM says I takes an average of 45 days to rent, so it’s a broad average I’m assuming after tenant leases or across all their properties.They advertise 2-year leases during the tour and most turnkeys are rented prior to closing, not the case for my property, still vacantOne inquiry has come in for a family whose house burned down, but they want 3-month lease smack in the middle of winter for another renewal, not optimalNeither the marketing department nor PM inside Reedy was very proactive as far as communication.
Leanna Mansour
Buying/Selling in the Bay Area, CA
11 December 2018 | 2 replies
If we sell in the spring we’ll prob lose around 60k in realtor fees
Chris C.
Should I sell my San Jose home?
8 August 2018 | 13 replies
How about refi that house and rent it out to make sure its cashflow, then use the refi money (plus maybe your company gives you relocation fee?)
Jordan S.
Ballpark PM, CapX, Maintenance Fees for Property Analysis
7 June 2018 | 0 replies
Hi, What does everyone do in the calculators for PM fees, CapX fees, Maintenance etc?
Jaiden Olsen
Looking for Local REIA/Meetup
10 June 2018 | 6 replies
Ok here's the link:https://www.biggerpockets.com/forums/521/topics/57...There's also a website you can go to for the REIAs, here's salt lake city's:https://slreia.comAnd the Utah one:https://www.utahreia.orgI think the REIAs have a membership fee though, but I haven't been to one yet so don't quote me on that.
Brian Kraft
How to Value Multifamily with NOI as Moving Target?
12 June 2018 | 13 replies
Brian Kraft I think what you have to start with is variables that you know: what they rent out for today, property taxes, vacancy for the area, insurance, PM fees, etc.
Jimmy Solano
Help me analyze this deal 21 UNIT 6 BUILDING MULTI FAMILY
8 June 2018 | 3 replies
Also I'm not sure yet what kind of closing costs and or fees this lender will charge for this deal yet.
Ryan K.
Tenant's Lease is almost up...Send Notice of Non-Renewal ?
7 June 2018 | 2 replies
The monthly rental fee will be XXXX.