I'm trying to analyze a property and my CoC for the first year is 10%.My cash invested is 100k (Downpayment + closing costs + rehab) and my cash flow is 10k for the first year.Let's say I calculated that my cashflow f...
Hi, I just had 16,981 pulled from my bank account this weekend the bank told ne it was a judgment against me. I haven't been served, didn't go to court, didn't even know what this was because it was a foreclosed prope...
Can you write off the home and sewer inspections and appraisal costs for a rental property? If so, do you have to add these expenses to the cost basis of the property or can they be fully deductible?
Thanks,
PM client has a Contract of Deed with a tenant-buyer who made monthly payments for 1 year for the condo living in, with 29 years left til owns, but since 2 months has defaulted and is refusing to vacate due to severe ...
Hello everyone, I am a new investor and looking for advice on my first investment property. My previous tenant left the yard in a poor condition before moving out. We were not able to recover any yard damages due to o...
We are all going through a rough time around the Houston area and the only thing I would like to say is if everyone with there families is ok. Thank you
Does anyone know what is happening with EquityBuild? It is in Receivership by the SEC. What does this mean for investors?
Am not sure if I can get advice as my property is in a non-US country but I guess the principles remain somewhat the same. I'll convert the amounts to dollars for easier comparison.Few years back, I bought a condomini...
Hi, I was approached by a friend with an opportunity to invest. His plan is to get a loan from me (promissory note) and then use the loan as the down payment from the bank. After talking to an attorney, he explained f...
Premise Based upon what we have witnessed in conducting commercial property condition assessments (PCAs) and commercial property roof inspections for over 30 years, we can definitely state witho...