Aloha, I am a new investor trying to determine the ARV of a fixer-upper and looking to BRRRR the property out-of-state. The URL attached is a CMA Summary Report with on all recently sold properties, active listing, an...
I have been flipping houses for 3 years now under my LLC, but was wondering if I should start a new LLC specifically for my rental properties. How does everyone else structure their flips and rentals?
Greetings to all. What an interesting forum! My name is Geoff Flahardy. I have worked with 1031 exchange investments for over 13 years specializing in fractional ownerships (DSTs, TICs). I am not an investment advisor...
I'm about to place a new tenant in a property that I would like to sell within the next year. I'm sending him the lease in the next week. I would like to offer an option to purchase, but I've never done this. -Do I pu...
My current tenant has moved in with a pet 8 months ago. The lease is set up to call out a pet (with the total rent showing the advertised rent plus the $30 additional pet rent) and an extra $300 non-refundable securit...
Hi All,
One of our properties was affected by the Texas winter freeze--burst pipes and wet units. They will be inhabitable for the foreseeable future.
What is the protocol with tenants? Do I still charge them rent? ...
I'm curious to know and understand whether or not you should still consider Total property tax and Mortgage payment as separate expenses on the "4 square method".... in the case that you are having those taxes escrowe...
Ok, I thought I understood equity, down payments, and purchasing. But maybe not? Hypothetical deal incoming:Purchase price 65kValue 90kDown payment $0 (not counting closing costs etc. it's an example!)LTV: 72%Okay, th...
Hi, I am working on a deal to manage 6 apartment units. I am renovating and updating them to get them up to market value. We just started the process of creating an LLC so we can can track finances and submit for tax ...
I've been using Turbotax for years but it no longer supports my situation. I completed two flips then rented the homes. Turbotax asked if I "materially participated" and I said yes, but they don't support this scena...