Stephen Nicholson
Competitors replying to my ads
I recently posted some ads online in the usual places (craigslist etc) to find any potential leads on homes to purchase. The Ad was geared towards finding homes to flip. I got one email today that just didnt seem to f...
Doug Bennett
Listsource Not Helpful
I recently paid for data from Listsource. I entered in criteria for absentee owners and the data I got back had the property address as a street address. The owner address came back as an RFD address. Same numbers ...
Account Closed
Will upscale resort increase property values in tourist town?
A guy is building a 200 room upscale low impact (ecologically appropriate) resort in our tourist town. Will this help or hurt housing values? It will be the "biggest" thing in the town of population of 2600. There ...
Gary Walker
Hello from Western NC!
Hello everybody, I'm Gary from NC. My wife and I have some real estate experience and own a few vacation rental and commercial properties, but it's time to scale it up and focus on residential rentals. I've been f...
Katie Anderson
Accounting for Closing Costs?
How do you account for closing settlement charges and expenses such as escrow fee, title insurance, wire/notary fees, recording fees, items payable in connection with a loan (on the seller side), appraisal fees, etc.....
Adrian Chapman
Rolling a property under an LLC
This may be very obvious to some but if I purchased a property with an FHA loan an then decided to rent that property out, and then decided I'd like to start an LLC to protect myself in case of a tenant suing. Is it p...
C. Raine Williams
On a multifamily, what cap rate would be best to consider?
On a multifamily what cap rate would be best to consider?
I recently been told that the best cap rate to consider on a multifamily of 100+ units should be about 7%-8%, with an occupancy rate of 75% to 80% in order to...
Benjamin Dutil
Sarcastic and hilarious response from the property owner ...
Question from tenant..."Hi, Ben - I hope you both are well, t’is the season. 🎁🔔Been meaning to follow up with you, could you ask Tammy if she would be willing to renovate the upstairs bathroom in April/early spring? ...
Natalie Lindsey
Where should I create my LLC?
I am not sure where I should create our LLC. We are a military family and we are waiting to find out where we will be moving to this summer. Hopefully we will know sometime in Jan. or Feb. We have several SFH properti...
Bob Evans
Hiring an employee (son) with S Corporation
Hello,
I have a question and was hoping someone who is knowledgeable about running businesses (especially S Corporations) might be able to give some advice. My wife and I are both retired and own an S Corp from when ...