26 June 2025 | 6 replies
A 1031 exchange from a personally held property into an LLC using a DSCR loan is possible, but it requires careful planning to stay compliant with IRS rules (especially around "same taxpayer" requirements).
26 June 2025 | 6 replies
If you're on a slab foundation, this means jack-hammering up the concrete.
24 June 2025 | 3 replies
These give you features like skip tracing, message templates, tracking replies, and staying compliant with TCPA regulations (which is a big deal now with texting).A lot of people use it this way: They build a targeted list (from PropStream, County records, etc.), run skip tracing to get mobile numbers, and then upload them into the platform.
25 June 2025 | 8 replies
You also need to be compliant with states like Oklahoma, Colorado etc.
25 June 2025 | 9 replies
Is that an easier code to become compliant also ?
24 June 2025 | 22 replies
CONVERSION FEESThe owner must make a Conversion Fee payment of 5% of each unit sales price to the DHCD within 30 business days of the settlement date (§ 42–3402.04 of the Code of District of Columbia).However, exemptions can be granted if the property meets at least one of these qualifications:-Was previously owned by a sole owner or registered vacant for at least 12 months-Sold to a low-income household (80% or less of median household income)-Sold to a person 62 years of age or older-Sold to a disabled person (as defined by the ADA)-Sold to a tenant who lived in the property for at least 12 months prior to the condo conversion Basically properties without tenants for the previous 12 months are exempt.
25 June 2025 | 5 replies
While we’re still waiting on concrete legislative language around the Big Beautiful Bill Act, I’ve been having similar conversations with my CPA and legal team about how to stay flexible and prepared.Here are a few thoughts based on what’s currently being floated: Depreciation & Bonus DepreciationIf they phase out or cap bonus depreciation (especially for short-lived assets), it could reshape how we time acquisitions and improvements.
24 June 2025 | 3 replies
We've gotten it inspected and they've made it pass a 4-point, the left side was the dirty/cosmetic one and the right side was near perfect (they've been there for 2 years).Exterior has some minor cracks in the stucco/concrete so I've adjusted cost to close to include a new paint job for the exterior to take care of that.
23 June 2025 | 8 replies
We do this 30 days prior but different states have different requirements so it is best to check with the requirements in your region to ensure you stay compliant with local laws.
24 June 2025 | 15 replies
I would highly recommend talking to lender- as a preliminary conversation will give you a concrete understanding of what financing options are available for your intended investment.