Olu Owasanoye
Multi-Unit First Time Buyer Live and Rent... Set Up LLC or Not?
30 November 2018 | 11 replies
It also creates some additional costs (setup, maintenance, tax reporting) and will limit your financing availability (more expensive commercial loans).Depending of your threat level and the amount of asset that you are protecting it may be worth the cost.
Don Carey
Are my expectations for property manager unrealistic?
25 November 2018 | 15 replies
Management goes through rent rolls and finances of prospective sites, and I do physical inspections, gather certificates, check and estimate vacant and contracts, etc.It's usually an additional service in my experience, but works out well when we start take over new contracts.
William Troy Weisler
New Member in Albuquerque, NM
16 October 2018 | 15 replies
Luckily I bought a property that was a fixer upper and I did all the renovations myself, and it also had a basement suite for an additional source of income. 4 years later, this market has finally bottomed and I'm just able to re-finance and pull out some capital.
Ken Nyczaj
Yearly costs for CPA's
18 October 2018 | 25 replies
Bookkeeping is their wheelhouse.Salary/payroll/employment tax returns can easily be outsourced to third party platforms (e.g.
Mark McNaughton
[Calc Review] First Investment Mulitfamily Purchase
1 October 2018 | 4 replies
If it were not, would that mean additional fees for having it zoned as such?
Peace Lily
FHA denied the mortgage from 2-family Multi to 3-family Multi
8 April 2020 | 31 replies
I was told I cannot use FHA again without moving at least 40 miles away from my first residence and it needs to be closer to my place of employment so that it "makes sense" to the underwriter.
Chace Marigny
Rebuilding my mother's home after house flood in Los Angeles
2 October 2018 | 4 replies
Since her home was flooded due to an interal plumbing issue and the insurance company is paying to remodel the existing old (1920s) and dilapidated structure (could tell by looking at some of the 2x4 studs revealed in the partial internal demolition), I decided to find out if my mother can use the money should would receive from the insurance company in the form of a check, put that towards the remodel, and in addition secure a construction-to-permanent loan in order to fund the complete transformation of her 1 bed 1 bath 1,200 sqft home into a 2-story duplex that she can rent out, airbnb, etc.
Account Closed
How banks see ARV on mobile homes
14 August 2021 | 25 replies
it will depend on if it has an addition put on it.....put a deck that has a roof on it that extends over the other roof and then it starts adding value.
Bernard Obrien
PROPERTY MANAGER ABILENE TX
15 June 2020 | 4 replies
These are professionals with additional training and a stricter code of ethics.
Derrick Lumsden
Partnership agreement - clarity on responsibilities and finances
10 October 2018 | 9 replies
He got a 10% preferred return and 51% to me and 49% to him of any additional upside.