Eric Nichols
Newer residential investor building while learning
25 June 2024 | 5 replies
There are excellent places to invest in real estate across the Midwest, especially for single-family homes and small multis.
Don Davis
1400 Copper Point Drive Prosper, TX 75078
25 June 2024 | 0 replies
Importing Materials Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Zehua Zhou
Does standard non-recourse Freddie Mac Commercial loan work for IRA accounts?
24 June 2024 | 8 replies
They said it is a no because it is a conditional non-recourse clause.Freddie Mac do offer commercial non-recourse real estate loans.
Noah Bacon
Don't Miss This Live Workshop: Demystifying Deal Analysis with Dave Meyer
25 June 2024 | 5 replies
Feeling intimidated by the real estate market these days?
Billy Daniel
Multifamily Syndication Mentorship Program
26 June 2024 | 22 replies
Once you've identified specifically what your problem is you can then go about seeking the solution that fits best. 2) I like the mentors who are still active in the business and make their money from real estate and not from coaching. 3) Find out who actually does the types of deals you want to do some day in your market and get in touch with them!
Manuel Llanas
Should I rent my townhouse?
25 June 2024 | 6 replies
Websites like Zillow, Rent.com, or local real estate agents can provide insights.4.
Mark Svendsen
How do I know if I shoud accept an offer or relist?
24 June 2024 | 2 replies
Consulting with a real estate attorney or financial advisor who understands trust law and real estate transactions could provide valuable guidance in navigating this decision, ensuring it aligns with the best interests of the trust and its beneficiaries.I hope this helps you out, good luck!
Nathan Currier-Groh
Mixed Use - Need Help - Can I rent apartments as NON-Residential?
26 June 2024 | 9 replies
Recommend you just Google "commercial lease" and copy & paste to get what you want covered.If you want commercial tenant to be responsible for the building, that's known as a Triple Net Lease (also shifts taxes & insurance liability).Then you should have a real estate attorney go over and approve your copy & paste creation.
Melissa Kirk
Converting a 4 Suite Office Building into Commercial Condos
25 June 2024 | 2 replies
This can involve public hearings and meeting specific requirements.Surveyor: Hire a surveyor to map the property and define the boundaries of each condo unit.Legal Counsel: Work with a real estate attorney to ensure all legal requirements are met and the condo conversion is properly documented.Financial and Operational Considerations:Condo Fees: Determine the monthly condo fees for maintenance, repairs, and other communal expenses.Insurance: Ensure proper insurance coverage for the condo association and individual units.Reserve Fund: Establish a reserve fund for future repairs and maintenance.Tax Considerations:Initial Purchase with 1031 Exchange: 1031 Exchange Basics: By using a 1031 exchange, you defer capital gains taxes on the sale of your previous property by reinvesting the proceeds into a new like-kind property.Down Payment and Financing: You're putting down $220,000 and financing the remainder at 8% over 20 years, resulting in a monthly payment of $2,593.Converting to Condos and Selling Units:Capital Gains Deferral: The 1031 exchange allows you to defer capital gains on the initial exchange.
Elaine Moy
Texas Real-Estate Attorneys
20 June 2024 | 5 replies
I feel i’ve grown a bit fast for myself and now have secured 3 rental properties under my belt in one year - Two being out-of-state and one being my primary residence turned into a rental, which is what brought me to this question: does anyone know any real estate attorneys in Texas that can look over my lease agreement?