Mansoor Ahmad
Cap rates for multifamily investing
I am looking around in the midwest for my first multifamily apartment. I am seeing several multifamily apartment complexes, usually 6 to 8 units. The cap rates I am calculating appear around 5%.
Example: Property l...
Marcus Kuhnert
Selling Long-Term Rental Property to roll into Syndication
First off, I have already contacted my CPA and am waiting to hear back, but thought I'd ask this crowd to see if there is anything to add-My group plans to sell off some rental properties over the next few years - the...
Timothy Lewis
CPA vs. RE Accountant vs. RE Attorney for Tax Planning???
Hello BP World!When it comes to handling Real Estate tax, I consistently hear 3 different titles of tax professionals/specialists thrown around: RE Accountants, CPAs that specialize in RE, and RE Attorneys. I'm lookin...
Raj Pathak
STOP WORK ORDER AFTER RENOVATION IS COMPLETE
I got a stop work order 3 months after the work is completed. Building inspector wants to come in and check out all things that were done. We did not do anything structural. Everything is done according to the code bu...
Juan Lizarazo
Book keeping software advice!
Hi! So, I have 4 properties. What do you guys use for book keeping, to categorize transactions and generate Profit and Loss reports for your CPA? I am using stessa, but I am wondering if there is something better out ...
Scott Mclaren
LLC Operating Agreement
Does anyone have a good LLC operating agreement for an LLC that holds rental property? I am going to open LLCs and put each property in its own LLC with each LLC having its own bank account. I have some LLCs now and h...
Melissa Faraias
Contractor forms to sign
Hello,I am a new investor, who is just closing on my first home here in Houston. Exit strategy is Buy & Hold. I have estimates from 4 contractors and hope to finalize one soon. What paperwork should I have the con...
Nicholas Armstrong
8 Unit apartment complex - What I need to know going in.
Hello everyone!I have a potential deal in the pipeline. A local investor is selling his 8 unit complex that he has had for over a decade. I have mentioned seller financing to him and he is interested in talking about ...
Ali Hashemi
Advice on structuring a deal - SFH San Diego
Hi all,My brother in law is in the navy and just got orders that require the family to relocate. They’ll be leaving San Diego and selling their house. I really want to buy their home and turn it into a rental but I do...
Account Closed
Flat Roof Insurance Issue in FLA
I am having an issue with single family investment home in Florida with Fire Insurance Premium being increased by 70 % because a small section of the living space is under a "flat roof". Most of the roof is post 20...