Mike Conner
Investor wants to trade properties - seeking advice
12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
Nick M.
Scam/fake inquiry of vrbo property ??
21 January 2025 | 22 replies
After they book, it's still a good idea to use the platform app for communication because then the platform has a record of what you and the guest have said, in case you need it when a guest does damage and admits it to you, but later denies it to the platform.
Desiree Rejeili
How Much Home Equity Have You Gained? The Answer Might Surprise You
13 January 2025 | 0 replies
Right now, homeowners across the country are seeing record amounts of equity.According to Intercontinental Exchange (ICE), the average homeowner with a mortgage has $319,000 in home equity.Why Have Homeowners Gained So Much Equity?
Noah Davis
Wholesalers/ Deal Finding
10 January 2025 | 6 replies
Just make sure to vet them carefully and ask for references from past deals and proof of their track record.
Grant Schroeder
Gratitude for Growth in 2024! On to 2025!
6 January 2025 | 0 replies
We set a record for our Team, serving 82 families and funding over $32 million in loans this year.We ranked in the top 5% of loan officers/teams in the entire Nation and top 3% in the State of Oregon!!
Nicholas Haubner
4-family to 5-family with owner occupied unit
4 January 2025 | 5 replies
You can probably just go ahead and live in that 5th unit, but I believe whenever you go to refinance it with a bank or what not, the 5th unit will make it require a commercial loan and not residential regardless of what the county records show the property to be.
Lorraine Hadden
Is online shopping causing the death of Malls - What does that say for Commercial RE?
5 January 2025 | 17 replies
And we've got a mall that hd a huge Macy's or maybe it was saks 5th ave I can't remember, regardless they through a huge volleyball facility in the space and that has really been driving the mall, its actually really cool, they left a huge window into the rest of the mall so people can see in walking buy...very well thought out.
Clifford Pereira
Real Estate Professional (REP) Status guidance
23 January 2025 | 6 replies
An Excel file or other detailed record-keeping system would okay, as long as it accurately tracks your hours spent on real estate activities.
Daniel Madhavapallil
House Hacking and Tax Strategies
23 January 2025 | 11 replies
Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!
Jonathan Abrado
Pace Morby Gator Method Course Review
7 January 2025 | 150 replies
That confirmed. :) Yeah, definitely a recording.