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16 April 2024 | 7 replies
The tax code defines a real property trade or business activity as “any real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage trade or business.”2. 750 Hour TestYou must spend more than 750 hours participating in real estate business activities during the tax year.
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16 April 2024 | 11 replies
They seek out skilled professionals who can offer expert advice and solve management issues.Real estate agents are drawn to property management companies that use smart technology and new tools.
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17 April 2024 | 17 replies
I know I’m breaking the fundamental rules here of property management, but should I stop putting up with this?
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16 April 2024 | 2 replies
They might be able to do property management there but it would be quite interesting to see what your cashflow could by renting by the room.
16 April 2024 | 8 replies
Your loan probably technically doesn't allow this because there is a "due on sale clause" but I have never heard of a loan being called as long as it's being paid My advice to you would be to screen potential property managers, read reviews then set it up to be managed by them.
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17 April 2024 | 8 replies
House hacking will also give you some personal "property management" experience.
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17 April 2024 | 0 replies
This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.
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16 April 2024 | 14 replies
I’m on the edge of needing some way to manage my notes.
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18 April 2024 | 10 replies
Did you not get bank statements or anything from them or the property manager?