22 February 2015 | 3 replies
Is there a site that is free and effective for investors?
22 February 2015 | 0 replies
Loan limits can increase by a factor of 3-5 in many of these cases, but this comes with a major tradeoff of 3-5 percent "compensating balances" (read more collateral via covenants or less money loaned in effect)Item 2 is desirable from the perspective of reducing brain damage and consolidating relationships.
27 February 2015 | 20 replies
Otherwise all income and expenses will be in proportion 25%/75%I am looking for the simple and cost effective solution, which could keep each other accountable.Kyle
23 February 2015 | 2 replies
Hi BPI am future planning.I kinda know about 1031 exchange but never done one, b.c #1 timing and #2 not cost effective at the time------I bought a duplex that has 2 separate deeds, I am currently rehabbing and hopefully sell them individually.As it's tax season we were talking about the tax consequences with our accountant.- my husband is in a tax bracket that capital gain is almost equal to normal taxes, so my accountant says it didn't make a difference when we sell traditionally-also we would have held it for less than one year, if all goes right. no real tax benefit there.
23 February 2015 | 1 reply
I have advised the sellers that I think the best course of action would be for them to give notice of termination of their month-to-month agreement with the tenant by the end of this month effective March 31st (this gives the tenant the required 30 day notice).
26 February 2015 | 20 replies
So SFRs work fine.They do cash flow for me, and because I replace every major system, I have effectively zero maintenance calls, which is very important to me because I have a busy life with a job that requires frequent travel.
16 August 2015 | 11 replies
I don't know about pricing but would guess it would only be cost effective fro higher end homes.
25 February 2015 | 10 replies
Unit Type/ Rent /# of units2 BDR $750.00 (16)1 BDR $670.00 (4)Studio $500.00 (3)Monthly $16,180.00Annual $194,160.00 Vacancy (10%) $19,416.00 Effective $174,744.00 ExpensesGas $3,600.00 Electric $1,500.00 Taxes $30,000.00 Insurance $10,000.00 Maintenance ($500/door) $11,500.00 Cap Ex ($250/door) $5,750.00 Management (6%) $11,649.60 Landscaping $5,000.00 Accounting/Legal $1,500.00 Total Expenses $80,499.60 NOI $94,244.40
24 February 2015 | 8 replies
Would love some advice on how to do so effectively to give myself the best chance of making money in 3-5 years when I sell.
19 May 2015 | 5 replies
It looks like Ben's idea of letting the S Corp pay those health insurance premiums prior to disbursements and salary would be an effective way to get that done pre-tax.Serge, any other ideas?