All Forum Posts by: Neil G.

Great question. I see lots of PM companies mentioning tax credits they get for offering LOW INCOME HOUSING.

It would be interesting to see that just the fact than an LLC holds title not a person is in itself a tax incentive though.

Heck here in CA i think it costs $800/yr per LLC even if its not active.

Dang the title alone has me wondering what % of sub/urban America (where most Americans do live) qualifies nowadays!?

Is  IRIS even a USA agency? Their IF more than 14 days THEN business logic is just terrrrific.

Ditto for many CA counties' IF more than 30 days THEN long term tenancy rights.

I'd rent a single room to a single lodger as a LODGER just to keep the home lively so squatters dont break in or move in.

As for HOAs.. no, just no.

I would fix it before offering for rental not after, and be wary of anyone wanting first couple months rent waived in exchange for finishing touches on their own rental not somebody elses.

Since i'm more often an investor than a selling/buying agent haven't given much thought to which one to recommend. 

Obviously first and foremost based on experience but sometimes they're not local anyways. 

So how does it go if the buyers go with a particular lender you referred them to and they end up closing with? Ditto for sellers (or buyers) going with the particular escrower you referred them to.. or home inspector... thanks.

Don't some RE chains offer to pay for your schooling/license? Look into those.

I wouldn't work for free in US, cuz i remember reading somewhere about labor laws that interning must be either for academic credit or tangible compensation, whether financial or commodity like room and board.

Can't blame him. Would never do residential rental again, yet love commercial. Maybe try crossing over.

The first word in my own for sale listings is Agent-Owned.

Yet most everyday even the first few days of the listing I get calls/msgs from Agents and sometimes even BROKERS asking at Hello almost robotically without pause:

I SEE YOU ARE TRYING TO SELL YOUR HOME ON YOUR OWN.. WHY ARE YOU TRYING TO SELL YOUR HOME ON YOUR OWN? IT WILL NEVER SELL, YOU'RE BETTER OFF JUST RENTING IT OUT THAN TRYING TO SELLING IT YOURSELF....

(oops, the call dropped or something)

So I'd propose the better question is why are you (agents or others with a FSBO gripe) using active/new listings to try to get listings?!

Because usually that's what it boils down to, agents wasting their time trying to convince people who already made a decision to 'try' list on their 'own' with apparently a condescending or cockamamie approach that they are so confused and bewildered as to why anyone in their right mind would list their home without using a 3rd party.

Being from NY, when I relocated to CA I was quite shocked to see properties being taxed based on newest sale price, irregardless of what previous owners were payin for their last month etc.

Ie, when I queried why my 1M home's tax went from 1,000/yr to nearly 20,000/yr overnight, was told by the assessor's office rep 'Well if it isn't worth 1M why did you buy it for 1M?!'

But gosh, seeing/knowing what the previous owners were paying all the while is/was such a bloody teaser, though! And to top it off, the primary residence discount is just around $100 if i'm reading my tax bill correctly. Somehow I thought it would be hundreds or thousands, since I remember it being stated somewhere as a % but obviously so not the case.

The property's listing agent mentioned since it's a fixer, to avoid the tax going EVEN higher by simply rehabbing/renovating the property rather than pulling permits to remodel and/or to add beds/baths/etc.. which would cause the tax to skyrocket even more due to added assessments on improvements. Oh, great.

Seriously?! What about tax being based  on the most recent purchase price as it were? Sheesh. So if I were to remove beds/baths/sq footage etc, then that would potentially LOWER tax?! Or the assessor would reiterate 'Well if it isn't worth 1M why did you buy it for 1M'?!

=L

i remember when i got my first home i was only 1 yr after grad so they accepted a copy of my degree diploma instead of the 2nd year of continuous employment .it was weird having to scan and fax that huge thing to the lender!