All Forum Posts by: Steve Morris

I really find that hard to believe.  I work with CT on the commercial side and you recommending them is a slur I think.

No legitimate title company is going to do the dual escrow BS since it's main purpose is to hide stuff from principals.

I'd look for a one office place that doesn't care about it's reputation.

So for feedback purposes, my question is, would you as a customer view it to be more appropriate if we didn’t provide comps in our packets?

For feedback purposes since you seem to have little credibility with buyers on this post, how about just describing the property as-is without any promise of future returns.  Might want to also say you're willing to give up some of your slice if the buyer is serious.

As you can tell, I don't really like wholesalers.

Just tell him you want to buy the property and have no POF.

I'm sure hilarity will ensue.  Why people take 98% of wholesalers seriously is beyond me.

Sorry, Raiders fan.  Have an aversion to Pittsburgh since Franco DROPPED that pass and the Raiders got robbed.

That means you probably will make a min return. Lot of these guys set themselves up for good fees on these deals and overcharge.

Being out of state makes it even harder to check up on them.

Not a CPA, but you're not right.  You should stick to real estate.

OK< have farmhouse in wine country in OR.  It'll be retirement house, but wife convinced me to try VRBO, so I was wrong.

The place has about 80% occupancy.  Talked to my PM and she thinks since it's larger than a hotel room (4 beds and there aren't a lot of nearby hotels) I can get families with pets (which I allow since I took out all the carpeting) and there are no co-tenants (ie other hotel rooms) for a disease vector.

Again, I was wrong and am happy, but I can see communities either raising taxes or refusing new permits (great for me) or just not allowing them (not so great for me).

Also, location helps a lot plus room to park/live.

My un-educated opinion.

Umm, go get a CPA.  I know it costs, but they'll get you the min tax.

However, usually you can deduct the costs of acquisition (like comm and taxes and closing) toward basis and I think current income.

Get the caseworkers name and ask them.  Don't think you really need to call a PM since you should learn.

It's also handy to have the contact since if tenant acts up, they can give the death penalty (ie pull the voucher).