JaMario Price
*New Investor Looking for guidance*
I have a property that I am looking into for owner finance. The property’s ARV is $200k. He wants $150k. Repairs would be $15k.Rents are conservatively $1350/month. I want to buy the property and fix it up. I’m trying...
Kenny Simpson
BIG NEWS!! 1031 has been extended to October 16, 2023 in California, READ BELOW!!
The recently released update extension not only delays the tax filing deadline to October 16, 2023, it could also extend your 1031 Exchange deadlines until October 16, 2023 as well!
For example: Typically, if you wer...
Harry Brooklyn
Include or exclude Cap rate and DSCR in NOI?
Hi,
I am budgeting for the basics for my NOI (and taxes, insurance too):
1. Repairs2. vacancy rates3. CapEx4. Property manager
All of these factor into my CoC returns, but actually should they be factored into th...
Randy Stuart
REO Forecllosure Title Searching
I am planning to purchase an investment home at the trustee's sale at the Tarrant County Court House in Fort Worth Texas. I have never purchased a home at a Trustees sale previously though I have been attending the au...
William Principal
Best Property Management Companies in Albany NY
I am currently looking for a property manager for a three unit rental property I recently purchased. Someone recommended Integrity Property Management to me, however, I would like to know if there are any other compan...
Account Closed
License[s] Required to Become Property Manager?
Hello all, I'd like to know what license or licenses it takes to become a property manager in Virginia and Tennessee. The markets I would like to work would be the Tri-Cities area of Virginia and Tennessee (Bristol, K...
Uwe K.
Home office and mileage deduction/transportation expeses
I was reading about and researching this over and over again, books, IRS pubs, here, elsewhere. I cannot get a conclusive answer even in forums with seasoned CPAs debating this topic.
That much is clear:
- If you hav...
Michael Voltner
First Time Private Lending....Good Idea??
Hello, I have a 3 acre lot in a very well upcomming and popular area in Fenton Michigan. I want to build a home and then sell it when completed. I have been building homes for 20 years and have my Michigan Residential...
Carl Flint
How Do I Avoid This Wholesale Paradox?
Hey guysI have yet to do my first deal. I have 6+ months of research and the “learning phase” under my belt. At this point, I know that in my market I want to start with wholesaling.I am going on realtor.com and other...
Gabriel Jeroh
How would you structure this Subject To deal in Houston, Tx?
I have this Subject to off market deal in Houston, tx: Seller's Motivation: Needs to move to smaller house close to work place.ARV: $185,000Repair: $5,000pending Mortgage: $135,000Seller currently lives in property an...