Christopher Cronin
REIPro
4 June 2024 | 54 replies
With a very thorough response from REIpro to his post, one can only summarize that he was called out and exposed.
Casey Hampton
Section 8 Mentor
31 May 2024 | 10 replies
@Casey Hampton your local Housing Commissions should have websites that you can use to educate yourself.If you want someone to spoon-feed you, there are several S8 "gurus" that will charge you to basically summarize what you can learn on your own.
Drew Slew
2024 selling 2 family Jersey city - 1031 or not? Occupied or vacant?
2 June 2024 | 18 replies
. - so to summarize: 15% federal capital gains tax, 8.97% NJ state tax, 1% realty transfer tax, depreciation recapture and whatever other costs for closing.https://www.nj.gov/treasury/taxation/documents/pdf/guides/Bu...
Samantha Elliott
Cash out refi or keep rate
31 May 2024 | 6 replies
Let me summarize what I understood and please let me know if I am off base:You are moving and currently have a property with a great interest rate, strong rental market because of military base, and 15 years left on the mortgage.
Dakota Mivshek
HELP! Why would a buyer put a house under contract to then only ghost?
31 May 2024 | 37 replies
A memorandum of interest (or affidavit of interest, memorandum of contract) is a document or instrument that summarizes the contract or seller’s breach/anticipatory breach of contract and which is recorded among the local land records.
Michael Italia
AI & ChatGPT
28 May 2024 | 8 replies
Summarizing publications - Our investor services are based on data science.
Evan Loader
K-1 state tax filing requirements
31 May 2024 | 42 replies
If someone has a reliable resource (not some freelance reporter's "research") which conclusively and clearly summarizes these rules state-by-state - not only I will appreciate it, I will gladly pay for such resource.
Jyotin Gautam
Designating a broker-officer in more than one state
27 May 2024 | 1 reply
JyotinTo summarize: If you are interested in a business opportunity and are an independent broker or a real estate attorney in Florida, Ohio or North Carolina, DM me.
Carol Lam
Wealthability program testimony?
29 May 2024 | 27 replies
Let me first provide you with an accurate and honest one-liner to summarize what to expect if you decide to work with WealthAbility followed by a detailed account of my own personal experience with the company.Quick Summary: WealthAbility acts as a middleman, a go-between, that pairs you with a CPA.
Hannah Joy
Appraiser using wrong comps?
25 May 2024 | 8 replies
The proper way to approach this appraisal problem is (summarized below):* find reasonably similar comps - find relatively recent duplex sales in the Subject's market area and adjust for differences, based on market response (i.e. how much more/less buyers would typically pay for certain characteristics like size of units and lot, location, quality/condition, etc).* In the absence of similar comps - go back in time to find any similar comps, no matter how long ago and adjust for market trend differences (appreciation, etc), as well as other adjustments as typical (size, bed/bath, condition/quality, location, etc).* Go to nearby market areas/neighborhoods and find reasonably similar duplex sales and adjust for market area/neighborhood differences as required - along with the other adjustments.* Find reasonable 3 or 4 unit (not more than 4, and they can use sfr's, but those are typically not as good for comparison.