Adam Aust
What counts as rental income for tax purposes
13 June 2021 | 5 replies
It makes it easier to track what our operating capitol is.Good luck
Rita Naga
Houston Multi Family
3 July 2021 | 1 reply
Hey Rita, it depends how long ago all of those tests were last completed.
Andrew Casal
Reno/Landlording Question for Rhode Island
3 July 2021 | 5 replies
Repairing something that's broken, depending on what it is, can be something they might be more likely to tell you you don't need a permit for.For example, instead of saying "I'm going to take down several walls and put new ones up" you could say, "I'm going to repair several sections of crumbling plaster by replacing the plaster with drywall, and putting in some insulation in the process" - if that's a fair description of course.It's a minor difference in framing, and might not matter, but where there's ambiguity I usually like to try to tilt things in my favor where possible 😀For tracking down the building department you could Google it or look on ripropinfo.com which is my usual launching-off point for researching properties - it has a column for the city/town website which can be helpful because sometimes towns change their sites from .us to .gov to .com or whatever (more often than you'd expect actually).
Tim Sharkey
Best source to follow mortgage rates ???
2 July 2021 | 1 reply
What site/stat and source do you use to “track” the mortgage rate market/climate?
Steven Winfield
[Calc Review] Help me analyze this deal.
3 July 2021 | 1 reply
Would love see know if I'm on the right track
Tyler D.
How good is the Chicagoland RE market?
12 July 2021 | 8 replies
A plus to those two suburbs is that the Chicago Bears have recently placed a bid to buy the Arlington Heights race track in hopes to turn it into the new Solider Field, this will be a process which takes a while as the Bears are currently still under contract with Soldier Field (Chicago) until 2033 which some talk has began about the contract being bought out if the inquiry for the Race Track goes through.
Lauren Cook
Partnership question- acquiring a new property
5 July 2021 | 8 replies
I also set up the LLC and am in charge of all tracking, accounting, checking vendor work, tenant relations, two how’s, etc. he sends the money and bills and I do the rest.
Kati Dang
Construction loan for multifamily
17 September 2021 | 8 replies
Architects will draw until the end of time and can become costly if you're not clear on the project and also hiring the wrong architect that doesn't have a track record with the type of building you want to build will be costly.
Noah McPherson
Securing Hard money 💰
6 July 2021 | 3 replies
Solid personal financials will help secure such financing before you have a proven track record.
Jacob Snyder
Lease Option Agreement
4 July 2021 | 1 reply
If you pay her market value for the property through a lease option, she may be ending up with more money than if she sold for a cash price discounted for cash.Meanwhile, you control the property for a couple of years, I guess with the intention of being able to finance the final purchase once a track record of profitability is established.