All Forum Posts by: David Ramirez

Yes, get in contact with a reputable house inspector in your area, they should be able to help you with that. 

I wouldn't play the waiting game. If the numbers make sense, BUY IT!

Hey @Chris Blackburn

From what I know, if someone gets paid to guarantee a loan, they have to make sure that the loan gets paid back if something goes wrong. They are responsible for covering the cost if the loan can't be paid back. But they usually don't have to actually pay the loan themselves.

Congratulations on your successful launch and bookings!

Hey @Sean Hayes

Maybe you can do a lot line adjustment to subdivide the property, I would get in contact with the zoning department to make sure that's possible. That would allow you to sell the gas station parcel separately while keeping the land you need for the RV park. 

Hope this helps, 

David

Hey @Kevin Forsell

It sounds like you're on the right track with your real estate investment journey! Given your financial situation and desire to remain in Jersey City, it's understandable that you're considering properties in the area. However, if the prices for duplexes are too high, it may be worth exploring more affordable areas to find a property that fits your budget. I would do research in neighboring states like Pennsylvania and Delaware and connect with people that are investing in those areas. 

Best of luck, 

David 

Hey @Gulliver R.

Yes, the fees that Airbnb and VRBO charge to hosts are generally tax deductible. These fees are considered a cost of doing business, and as such, they can be deducted as a business expense on your tax return. However, it's always a good idea to consult with a tax professional or accountant to ensure that you are following all applicable tax laws and regulations.

Hey @Amby Bhagtani

It's a common perception that property prices always go up in the long term due to a few key factors. Over time, the value of money tends to decrease due to inflation, so property prices tend to rise to keep up with it. Additionally, as populations grow and there is limited land available for new construction, the demand for housing increases, which can lead to higher property prices in the long term. In areas with strong economic growth, there tends to be a higher demand for property, which can also drive up prices over time. However, it's important to keep in mind that while property prices do tend to increase over the long term, there can be fluctuations in the short term due to various factors.

Hey @William Luke Laity

Real estate appraisers consider a range of factors to determine the value of a property, including its location, size, age, condition, and recent sales of comparable properties in the area. They may also consider the income potential of the property for commercial or investment purposes. They provide an unbiased and independent opinion of the property's value, taking a comprehensive approach to evaluating its worth.