Kyle Lofland
CLEVELAND RENTAL INVESTMENT PROPERTY QUESTION-WATER SEWAGE
I have just purchased an investment property in Cleveland and just transferred Water/Sewage into my LLC name...Asking the water company what the average monthly usage is, i'm in sticker shock! Obviously past and curre...
Christopher Mooney
Average Expense Ratios on LT rentals
Hey all,Have a portfolio of 6 properties in Cleveland, OH and as I'm looking to scale, I'm trying to better understand the numbers and essentially take a more active "Asset Manager" type of role, while allowing my pro...
Stuart Udis
Dispelling the 1% Rule
Investors share various reasons for how they qualify income producing assets, but from my personal interactions and observation, the 1% rule is raised more than any other reason. In fact, I see the 1% rule relied on m...
Account Closed
Cost Segregation Study for SFR's
Hi everyone - are there any economical solutions to cost seg studies for SFR's?Thanks, Jonny
Account Closed
Just Starting Out? Here's a Tip for Working with Hard Money Lenders
It may sound strange, but keep your LTVs as low as reasonably possible. Doing so not only helps you get a hard money loan, it’s usually going to be a better buy or investment for you too. Many investors seek hard mone...
Danny Gelfenbaum
A leak fix for 260$
Does this make sense? A tenant complained he had a leak from his toilet. The PM sent a handyman and this is what he wrote in the description:Request: My toilet is leaking from the baseDescription:General Maintenance L...
Bob Warderner
Flipping House - New Construction
Hello, I have been in the real estate business for a long time, but it has always been in the long term buy and hold arena. I am looking to venture out into the major flip business where I would be purchasing a run-do...
Michael Clark
Question about taxes/ searching for a R.E friendly CPA to do my return
Hello all! I’m looking for a CPA to do my taxes that is knowledgeable about all things real estate. I’m a realtor and was asking my current accountant about depreciating my residential property and writing that off ag...
Cheri H.
What to expect in HML costs
Hi all! I am exploring hard money options in RVA and would like to know what to expect regarding costs? i.e. origination costs, appraisal requirements, interest, commitment fees, processing fees, etc. I have a decen...
Adam Gonzalez
Is this a Contractor Red Flag?
Happy Friday Everyone!
So I have a quick question. I am in the process of renovating a property and interviewing contractors. One contractor I spoke with provided a quote of $16,000 to renovate two bathrooms (1 sma...