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26 January 2025 | 2 replies
I am obviously conflicted with the moral side of pursuing legal action here, but understand that people can do untruthful things when it comes to financial gains.
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29 January 2025 | 2 replies
I’d love to hear your thoughts on the best course of action in this situation.
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3 February 2025 | 3 replies
An LLC when properly formed and administered provides separation and protection of assets that are outside of the LLC from the actions of the LLC.
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2 February 2025 | 10 replies
Financing might be a challenge.I would recommend consulting with a attorney, loan officer, and CPA to discuss your specific situation and determine the best course of action.
29 January 2025 | 20 replies
Just because something didn't rent doesn't mean there's anything actionable.
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27 January 2025 | 8 replies
Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.
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4 February 2025 | 8 replies
From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action.
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3 February 2025 | 6 replies
If you own the balcony (check CCRs, I have a unit where I don't own my private balcony) then it is all part of the unit.As an owner, you're on the hook for the actions of your tenant.
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21 January 2025 | 2 replies
We generally advise our clients to go ahead and pay the recapture rates if death is the alternative.The good news about recapture - the deductions are a deferred tax liability to you, and an interest free loan from the government.
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3 January 2025 | 1 reply
Hello, Im a long time listener and first-time networker. I have a wife and 3 kids and the weight of their futures on my back. I'm 44, a licensed barber, and own the first house I ever bought outright. I would imagine ...