Chris Dawson
Kansas City Missouri Zip Codes
15 March 2024 | 167 replies
I also have a good contractor, but sometimes he's too busy to get to me in the needed timeframe so I have to bring in others.
Alex Clark
looking to invest out of state, I keep going back and forth with a bunch of states
12 March 2024 | 24 replies
Which in turn will bring plenty of other investors and general business to the market.
Mak K.
Experience with Renting to Home Health Patients
12 March 2024 | 1 reply
Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.
John Ciallella
Can I buy in my name and transfer to LLC?
13 March 2024 | 17 replies
Rate and cost for those types of business-purpose loans will be a bit higher compared to conventional.
Jenny Milu
Evaluating Syndication Questions
13 March 2024 | 7 replies
I'll let other LPs fund a Boston multifamily expert's likely expensive education on the challenges of the self-storage business in Nashville. - How are the deals you purchased in the last three years performing?
Alex Yakubovich
STR for SFH: Does it make sense?
10 March 2024 | 8 replies
Would a Cost Segregation Study work well for an SFH?
Tiffany Tan
Help with owner-occupied duplex tax filing
12 March 2024 | 7 replies
@Tiffany TanYou're not doing it right, and teaching this on an online forum is not practical.For starters: there're two kinds of "deductible": personal and business/rental.
Dolev Shemesh
Is This SELLER FINANCE Option Too Good to Pass On?
13 March 2024 | 8 replies
KEEP IN MIND city redevelopment departments have a lot of red tape to go through and this can take months before your prospective tenant is at the mercy of the City to be approved and then follows up with your tenant checking off all the requirements boxes the city department needs your tenant to get completed before moving in /opening up its doors for business.
Chad Herring
First time questions regarding lending money for fix and flip*
13 March 2024 | 26 replies
If this will be an ongoing business, I suggest you set up an LLC.
Zachary Bannon
New Flippers in Boston Area
12 March 2024 | 12 replies
Like any business, it's had its ups and downs.