Madelyn Felix
Remote property access and cameras for self-guided tours?
13 November 2024 | 6 replies
I think the evictions are a tenant screening issue more than an issue with self-guided tours vs in-person.
Audrey Scott
First-Time Home-buying Guide
25 October 2024 | 2 replies
The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!
Michael Calvey
Automate Your Short-Term Rental and Get Your Life Back: A Step-by-Step Guide
13 November 2024 | 4 replies
Managing a short-term rental (STR) can feel like a full-time job. Constantly juggling guest messages, cleaning schedules, and last-minute bookings can turn the dream of passive income into a daily grind.
But with the...
Melanie Baldridge
"Does the IRS require site visits for cost segregation studies?"
13 November 2024 | 10 replies
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.
Nathan Fisher
Cleveland Rental Registrations - A Guide to the Nightmare
13 October 2024 | 22 replies
As I go through the trainwreck of the new Cleveland Rental Registration Process, I wanted to help everyone else out and create a guide.
James E.
Real Estate professional logbook example
12 November 2024 | 168 replies
@Clive Smith I have a sample log in format that follows the IRS Audit Techniques Guides (ATGs).
Sanil Subhash Chandra Bose
Simple Guide to Conducting a Title Search: DIY Before Hiring a Title Company
11 October 2024 | 7 replies
Some of my recent posts on title searches have sparked a lot of interest, so I decided to put together a simple guide to help those of you looking to conduct your title searches.
Vikash Nand
scope of work
6 November 2024 | 1 reply
Just wondering if there are good internet guides out there to help new investors understand steps in renovations and lay out scopes of work and materials needed so we don't miss anything?
Kaysha Nih
Beginner to real estate investments
31 October 2024 | 3 replies
See here: https://www.biggerpockets.com/smarter A good place to start is with the free guides, such as "The Ultimate Beginner's Guide To Real Estate Investing".
Adam Cummings
BP Newb but not to Land-lording
3 November 2024 | 3 replies
Property manager helping to guide, and now stepping up to next level with networking.