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Is it common practice to add depreciation taken on multi family properties as an operating expense? I spoke to a bank recently and this topic was brought up.Example:Asset depreciated amount 400k25 yr depreciation sch...
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Hello,
I'm looking to possibly get a SFR in the DFW area and am looking for a property manager who could could rent out by the room. Does anyone have any referrals?
I want to be able to run rent comps before offerin...
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Im seeing a pretty decent amount of deals in my area that are on market and the selling agent makes it a point to say that this property is "no disclosure". Is this very common in your experiences? Should I be aware o...
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Hey guys,
I'm currently a wholesaler in upstate Spartanburg still building funds to do some fix and flips and purchase rental properties but for anyone in South Carolina and mainly the Upstate are you guys us...
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NNN stands for net, net, net. These pass through expenses of leasing are portions tenants or lessees pay in addition to the lease fee, or rent to the landlord or lessor. The NNN fees are property taxes, property insur...
Hello everyone. So I want to purchase a trailer park with a partner. We would be going into the property as tenants in common and both have 50% ownership. My question is pertaining to what happens when we decide to se...
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I use Crestcore in Memphis, TN. Not a very responsive company. I wonder if it's normal for them to request and hold a minimum amount in my account for repairs. At least that's what they claim as the purpose. I am n...
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Asking this question for friend, as we haven't been able to get a positive answer.She owns a property that she bought in 2007 at the peek. worth about 145k and owes about 147k. She wants to keep it as a rental prope...
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I have a question for those who have extensive dealings with property management companies.
Would you expect, as an owner, or is it common for the 3rd party PM companies to perform inspections of your properties for...
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Folks,I purchased a cashflow property in a partnership back in 2010 which has performed pretty well (11 cap at purchase and 75% appreciation since purchase).My partner now wants out (I would prefer to let it ride). I...