Roger Malcolm
Some questions, for newb, on property tax foreclosures in Texas, Fort Bend County
11 July 2023 | 10 replies
and while I say no one redeems.....you do a nice reno before the 2 years is up, I can almost guarantee about a month before, they're going to redeem.Here's the info you probably want directly from the property code:.....by paying the purchaser the amount the purchaser bid for the property, the amount of the deed recording fee, and the amount paid by the purchaser as taxes, penalties, interest, and costs on the property.....now what are the "costs"(2) "Costs" includes:(A) the amount reasonably spent by the purchaser for maintaining, preserving, and safekeeping the property, including the cost of:(i) property insurance;(ii) repairs or improvements required by a local ordinance or building code or by a lease of the property in effect on the date of the sale;(iii) discharging a lien imposed by a municipality to secure expenses incurred by the municipality in remedying a health or safety hazard on the property;(iv) dues or assessments for maintenance paid to a property owners' association under a recorded restrictive covenant to which the property is subject; and(v) impact or standby fees imposed under the Local Government Code or Water Code and paid to a political subdivision; and
Andrew Taylor
Tax Implications of Balloon Payment?
12 July 2023 | 10 replies
If your move out was because of work, health, or unemployment, you can qualify for the partial sec 121 exclusion.
Dominic B.
🌅🏠Hello To My Fellow CASHBUYERS🌇🏦
14 July 2023 | 0 replies
Please feel free to connect/message me with any advice you could have given to yourself when you started: health and wealth.
TJ Sayers
Flooded home
20 December 2019 | 8 replies
(need to get a better Project manager but this is just for illustration).
William Powell
Looking to purchase something beachfront and hold as a STR/MTR
13 June 2023 | 12 replies
If we overly simplify it for this illustration, you're paying 7 Years X 0.5% = 3.5% less over that time (its actually more, but this is easier to illustrate).
Justin Rademacher
Out of state investing
7 December 2022 | 9 replies
A local real estate agent or property owner might lie to close a sale.If you unwittingly become the owner of a nuisance property that violates health and safety laws, you can be on the hook for code violations that are time-consuming and expensive to fix.
Darren Chang
Coop Board “Contemplating” a 2.5% Transfer Fee?!
10 February 2020 | 6 replies
This appears to be absurd, especially given the two facts that1) At the shareholders’ meeting in December, it is said the building’s financial health is in good shape.2) The maintenance fee has been consistently increasing for the past 5 years for a total of more than 20%.I decide to protest against this transfer fee, even rallying the other shareholders.
Jake DeAtley
Airbnb and Service Animals
1 May 2023 | 19 replies
There is an exception to the Airbnb Service animal policy, "Hosts are required to accept all assistance animals unless they pose a real threat or there are safety and health issues."
Charlie Booth
Time to quit the day job? Purchased first rental.
13 July 2023 | 9 replies
No large monthly expenses, but health care would need to be added and of course our income would be cut.I believe we can take out ~75% on the rental and cash flow over $500.
Ann Fisher
VRBO Rental Agreements
7 April 2020 | 2 replies
Sorry Ann, I used VRBO once and once only: After a rental in London that put my family's health at risk, and VRBO doing absolutely nothing about it, I would not consider using them as a source to find renters.