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21 April 2024 | 12 replies
Shut-up 20,000 economists screaming at the top of their lungs for years, we can't hear the banker on our I-phone 14 super Max Pro telling me about the 2.5% variable rate Bridge Loan he can get us for 24 months to buy that 50 unit crack house, grow house, section 8, Multi-Family first time syndication I put together after my Doge coin "investment" shockingly went Tits up!
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19 April 2024 | 3 replies
Am looking to buy a multi unit property in Columbus and trying to estimate what the property tax would be.I checked in the Franklin county assessor website and was able to find a property tax estimator.
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21 April 2024 | 15 replies
I never recommend out-of-state investors buy anything for less than about $55-75k all-in or, generally, it will be in an area that has a mediocre tenant pool with high turnover and bad turns when they leave; the price to rent ration doesn't matter when these items eat up your profit year after year.For multis, it's a little different, but I typically ask them to focus on units that rent for about $500-550 minimum to have an easy time managing them and finding quality tenants.
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20 April 2024 | 4 replies
The issue I have here is that once those funds are gone in a few years, we will then have to cover the entire cost myself (~3k) for an indefinite period of time.The other option is convert it to a rental.
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19 April 2024 | 2 replies
Is the crawlspace being inaccessible a reason for delay or not fixing the issue?
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21 April 2024 | 11 replies
Best to talk the tax issue over with a CPA but the loss will be reflected in the K-1's and can offset gains in other deals, provided they both flow through to the same entity (or you personally).
18 April 2024 | 5 replies
The owner portal is limited; I can download my 1099 but not view detailed expenses.A significant issue arose recently when I explicitly documented a request for them to consult me before any tenant lease renewals.
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19 April 2024 | 5 replies
Hey everyone, I'm fairly new in the world of real estate investing and I could use some advice. We are looking to expand our real estate portfolio with either a 4 or 6 plex, or a commercial building. We have a single ...
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20 April 2024 | 9 replies
The suit cited that the lots are sinking and the homes have severe foundation issues.
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18 April 2024 | 1 reply
The key highlights of this slate of bills includesAdditional Excise Tax on STRCreation of a statewide STR registryStandardize safety requirements across the stateProtect the ability for local government to zone STR in accordance with their needsThis isn't the first attempt at statewide regulation, and its clear the bills as written would be operationally burdensome to put into place for the state (aka, expensive) and the problems they are trying to solve are not, in all, a result of STR in our communities but of bad tax laws already in existence.