15 July 2021 | 10 replies
@Michael RayYou are getting a lot of advice to sell from people who likely don't have investments in the Bay Area or other high cost investment areas.First off - if you sell the property - you will likely lose 6%-8% right off the bat through seller commissions and other seller related costs.You would have to buy another property at 6-8% below market just to make up for it right away.Second, you have to determine what the property is appreciating at on an annual basis, while you are not cash-flowing, the value of your asset may be appreciating at a higher level than other asset classes.As much as people are saying they are leaving the bay area, there is little area's around the world with great weather and atmosphere(minus the homelessness issue) as the Bay Area.Cash flow is good as it brings in income but asset appreciation is where true wealth is created.
18 July 2021 | 12 replies
Although tax is important in general, in my mind this consideration should be relatively low on the totem pole when deciding between TKs vs syndications.
16 August 2021 | 3 replies
We're seeing buyers being more price-conscious even with rates still relatively low.
6 July 2021 | 3 replies
I thought this was beyond generous yet the seller refused this demanding to not pay.I hate to see a deal fall through for such a relatively small amount but my gut says if they made a big deal over something so reasonable imagine the issues once the deal closes and I technically become their landlord.Well anyway, I was curious what is the going arrangement for lease backs in a hot market?
6 July 2021 | 3 replies
What happens if the buyer or seller has tested positive for Covid prior to closing and is relatively certain they still have it on day of closing?
7 July 2021 | 16 replies
I approved them based on the fact that they were related and I figured together they knew each other and could work it out.
12 July 2021 | 9 replies
Anything relatively close to Route 7 is prime, I believe, because that will take you right up and down the county, with access to everything from shops to mountain views!
14 July 2021 | 23 replies
Each state has different landlord/tenant laws, so I would start by researching Minnesota's laws related to Holdover Tenants.
8 July 2021 | 5 replies
Or, they are about to close and haven't found someone to assign the purchase rights.Flipping is just as hard because you have to make sure you get the property remodeled, deal with any unforseen issues, and finally sell it.As mentioned, both are related skills.
7 July 2021 | 10 replies
Follow your local laws.The best solution would be to get something in writing from the former tenant regarding disposition of the contents. ie, have a relative come get the stuff or whatever.