10 January 2022 | 5 replies
@Holly Frongillo - I like the creative approach.
10 January 2022 | 9 replies
If this is impractical, have an attorney help you prepare an offer.
9 January 2022 | 2 replies
Hello everyone reading this, I have a potential first deal that I would like to run by you. I own a car dealership and the person I rent from has come to me with a real estate deal. It is a two family home in NJ costi...
11 January 2022 | 9 replies
I was mentally prepared to make 10+ offers because every seller gets multiple offers.
11 January 2022 | 4 replies
Prepare a proforma and figure your expenses at 35%, vacancy is 10%.
10 January 2022 | 5 replies
I'm just trying to be as prepared as possible!
10 January 2022 | 4 replies
I saw Rocket Mortgage and Guaranteed Rate, but that was from a limited search.I am also curious about other creative ways to get lending so I can be that guy who makes the cash offer and not always losing out to the cash offers.
9 January 2022 | 0 replies
We would love it to be someone who also invests in real estate themselves so that we can learn how to best prepare our business for the most opportunities of investing.We are looking for someone who is always up to date with current tax laws, is creative in their approach, and someone who loves to teach.
9 January 2022 | 0 replies
I will completely overhaul this property and expand it creatively while not changing the footprint.
10 January 2022 | 0 replies
This is extremely helpful for the tax savings benefits but also because many of the assets used in a restaurant business need to be replaced much sooner than 27.5 years.Some of the major benefits of Cost Segregation are:Reduction in real estate taxesReduction in casualty and property insurance premiumsFor previously misclassified assets, you will now have the opportunity to claim any “catch up” depreciationBy accelerating depreciation, you increase your cash flowHaving additional cash allows you to invest that money back into your business, invest in other opportunities or pay down your mortgageHere’s a list of personal property that could qualify for accelerated depreciation:Drive-throughCanopies and awningsFlooringPoint of sale systemsDecorative millworkKitchen equipment hook-upsDoorsEquipment installationHVACWiringBeverage equipmentFood storage and preparation equipmentFloor coveringsSignage site improvementsInterior light fixturesFire protection equipmentThese studies should be conducted with your cost segregation specialist, CPA and financial advisor.