Andrew Perkins
1031 Exchange LTR to STR
Hello! We are considering 1031 exchanging one of our long-term single-family rentals here in Kansas City for a short-term rental condo in Myrtle Beach. I'm nervous though about getting rid of our cash flowing long t...
Mike McKeown
Is there a Rule of Thumb for STR property management % of gross?
I'm looking for a general rule-of-thumb for estimating the percentage of gross income used for paying for a management company to handle an STR. I realize this is likely very location specific, so I'd look at somewhe...
Mark Doty
Appraisal for newly built ADU?
Has anyone had experience with how ADUs are appraised? My consideration is to use a BRRRR model to purchase a SFR, then build an ADU/Companion Unit on the property. San Diego is a tough market for cash flow (initial...
Tammy Wise
How many newbies plan to her their Realtor license?
I am curious to know how many people are in process or planning to get their license? I have read different views on the matter. I am leaning on getting one just so I am familiar with the process or at the least, acc...
Charlotte Edwards
Advice on how to deal with partner who's changed his mind on REI
We just closed on our first SFH (near my hometown) to rent out; have the contract with PM ready to sign; insurance is bought; minor repairs are being done to the home.But we found that the PM requires more insurance t...
Rich Weese
At what percentage do we reach the point of no return?
According to the latest statistics we have now reached the point in this country where 49.5% of the population pays zero income tax. I'm pretty good at math so I've come up with the number of 50.5% do pay some income ...
Jarrod Weaver
Negotiating Contract for Purchase of First Self Storage Facility
Would like to get your thoughts on the purchase of a 32 unit storage facility on a .29 acre parcel located in a small town (+/- 3,000 people) 50ish miles outside of Austin, Texas. The current owner inherited the prope...
Joel Owens
Tax gain on sale question for commercial property.
Getting feedback on a situation.Transaction of 4 million and buyer is putting down a certain percentage. Seller is agreeing to carry back 5% second of 400k fixed with a 30 year amortization for 2 years.Sellers comment...
Aaron Burns
Ihan Omar's free rent bill
From what I've seen on youtube, the bill contains the following:1- Free rent for all tenants across the US regardless of income for a year2- Landlords can file for Government assistance which comes with the following ...
Matt Pursley
Sellers unrealistic price
I’m working with sellers of a 6 unit. Agreed to seller financing for 15k down at 6% for 15 years. They’re asking 300k. Brings in 3250 monthly. The problem is they are unaware of actually how much work the property nee...