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6 March 2024 | 2 replies
"For example, a property with 24 apartments would be eligible to add a minimum of two and up to six detached ADUs (space permitting).
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6 March 2024 | 2 replies
Overall, the surge in new apartment construction, introducing 440,000 units nationwide, underscored the direct inverse correlation between supply and rent growth in 2023.It is important to note that some markets such as Miami and Detroit have shown resilience posting continued rental rate growth figures indicating a fundamental strength in those markets as well as a secular shift in American demographics.Meanwhile, New York City stays consistent with an unprecedented housing crunch, reaching a 50-year low in rental availability.
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6 March 2024 | 8 replies
Therefore, an Ellis Act withdrawal will disqualify a site from being eligible for a SB 9 Two Unit Development for a 15-year period from the date of withdrawal.A property owner who has completed an Ellis Act withdrawal at their site may pursue an SB 9 Urban Lot Split only if the units withdrawn from the RSO (via an Ellis Act withdrawal) are not demolished or altered.
6 March 2024 | 8 replies
Usually, DST's are brought up in conversation for the yield/cashflow and since DST have been declared as eligible for 1031 by the IRS.
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8 March 2024 | 31 replies
When you head into the project, make sure you talk with a lender who can do STR financing on rural deals and make sure what you are building will be eligible for refinancing before breaking ground.
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8 March 2024 | 121 replies
Society, technology, etc continue changing overtime but the way people act is still fundamentally the same, which is why the cycle will continue.Summary:2006: peak of the cycle and beginning of the 18 year cycle repeating itself2007-2011: 4 years of decline2012 - 2019: 7 years of an appreciating market plus 2020 & 2021 due to COVID and low rates.2022-2023: mid cycle slowdown caused by rate hikes but home prices still rising2024-2026+: Home price growth continues especially due to extremely low inventory, inflation, and other macro factors.2012 - 2026: generally sees 14 years of price growth, completing the cycle.Before everyone comes in and starts telling me I'm wrong, I encourage you to read the book and then see if you still feel the same way.
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6 March 2024 | 7 replies
You need a specialty provider firm specializing in these types of account to set up IRS-compliant plan for you.Solo 401k plan is not for everyone, you must be eligible in order to establish one.
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9 March 2024 | 89 replies
.), house hacking is relatively straightforward, relatively lower risk, relatively slower-paced, it teaches you all the fundamental lessons of REI and property management (which is crucial if you want to branch out into more advanced REI strategies), and it simultaneously lowers your expenses while increasing your income.
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5 March 2024 | 5 replies
When banks check your refi eligibility, they eyeball your credit score, income, and the property's value.
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5 March 2024 | 6 replies
Who ever wrote this does not understand the fundamentals of taxes