Bradley Benilevi
Please Explain Rent To Price Ratio
9 January 2025 | 4 replies
Can anyone please explain what 'rent to price ratio' is when you are finding deals?
Michael Puwal
Can someone explain the Buy, borrow die concept.
30 December 2024 | 7 replies
Can someone explain something about the buy, borrow, die concept of avoiding income taxes?
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
13 January 2025 | 8 replies
My job is explaining the rules.
Fredrick C. Oesterle
accepting multiple applications
9 January 2025 | 4 replies
Here’s how you could approach this:Set Clear Criteria: Use objective criteria (e.g., income, credit score, rental history) to evaluate applications in the order they are received.Notify Applicants: Let each applicant know you will process applications sequentially and explain your timeline for review.Act Promptly: If the first applicant meets your criteria, move forward with their application and provide them with a clear deadline to sign the lease and pay the deposit.Move to the Next: Only if the first applicant does not meet the criteria or declines the lease should you proceed to the next application.By focusing on one application at a time, you simplify the process, maintain transparency, and mitigate any potential fair housing concerns.Lastly, since housing laws can vary by location, double-check Arizona’s landlord-tenant regulations to ensure compliance with any local rules about how applications are handled.Best of luck with your rental process!
Julio Gonzalez
Cost Segregation Study Approaches Explained
31 December 2024 | 0 replies
If you have hired a specialist to perform a cost segregation study of your real estate property, they will likely use one of the six most common methodologies recognized by the IRS. These methods include:
Detailed E...
Michael Plaks
EXPLAINED: How to find a CPA focused on real estate
9 January 2025 | 20 replies
Tis the season. End of the year. The season of Bigger Pockets investors posting 10 nearly identical "Looking for a CPA" messages per day.
Disclosure: I am one of those people you are looking for. But this post is not...
Jonathan Grzeszczyk
Negotiating within wholesaling
29 December 2024 | 5 replies
Therefore, I have been trying to study up on techniques used to make good offers and over come objections.
Emily Mohr
Best way to inform someone they are not qualified to rent your property?
9 January 2025 | 13 replies
Best regards, This approach is neutral and objective, focusing strictly on the criteria, and avoids discussing any specifics about the applicant’s personal situation.
Alan Mills
Sewer clean outs required?
4 January 2025 | 9 replies
Quote from @Alan Mills: Got an inspection objection back with something I’ve not seen on my other rehab’s (this is a Colorado property):“The seller agrees to have a licensed plumber install external sewer cleanouts per city code and scope the sewer line ensuring its integrity.”This was a full interior/gut rehab and almost everything is brand new.
Mike Auerbach
What is the real point of doing a 1031 exchange anyway? - Simplest explanation
19 December 2024 | 7 replies
Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?