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11 March 2024 | 152 replies
Wrong, well two of them are in a part of dc that is rapidly declining & no one in the family wants to take care of (and he certainly cannot) and has deferred maintenance on both, the other two are beachfront and a block from the beach, one already got it by a hurricane (no damage, but did trigger a special assessment & insurance skyrocketed) the other one just being near saltwater for 70 years takes a toll on a place, the other thing that happen’s with real estate over time is appreciation eventually rapidly outpaces rent growth so these aren’t as big cash flows as you’d think, a decision is was made to keep these properties both for appreciation and of course stepped up basis (most of these properties he bought for nothing and then depreciated the hell out of) while he has great assets and it will all be fine in the ends and we are all very lucky he has the assets to cover my grandmothers care, frankly trying to figure all this when he’s 88 and everyone is stressed just isn’t ideal, he probably should have just 1031’d up certain properties that had environmental and/or let’s just say locational risk into new or very new construction in the easy to rent burbs like a decade ago, while the tax implications always make selling at tough proposition, I think at a certain point in everyone’s life especially if there are lucky enough to have kept properties for decades should transition them into these easiest assets they can find in their market (you can even put in a reit or more specifically a Delaware statutory trust) to make thing’s easier for them and their family once they are no longer capable of managing those properties themselves.
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10 March 2024 | 20 replies
They have removed me from the private fb group, blocked me from all social media, and will not allow me into the daily live office hours because I started telling people about this.
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9 March 2024 | 11 replies
For the right investor, this could be a strategic option to scale quicker and maximize tax benefits like we do.I have worked with GR quite a bit in the past, especially with loan blocks for rate buy down.
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8 March 2024 | 10 replies
If a guest spills food in the hot tub or fouls it, the cleaning crew will discover it during turnover and have to block it (no way to clear that kind of mess in a 4hr turnover).
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7 March 2024 | 4 replies
Or are you concerned whether you will be able to conduct the walkthrough properly with furniture and personal belongings blocking views?
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7 March 2024 | 8 replies
Hey everyone (and Brandon and Josh)-sorry about the phone # and it getting blocked and all.
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6 March 2024 | 8 replies
Hello, I have this house on the end of my street. It is condemned, the owners are hoarders, the husband is fighting for his life with cancer, they're doing a several-month-long-DIY move to Tennessee that they must be ...
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7 March 2024 | 9 replies
I will be filing this season for the first time being a home owner and house hacker.I would like to work with a tax professional who has experience with this strategy.Tell me why I should cancel my meeting with H&R Block this weekend...For context, I have a W-2 income and have had 3 tenants stay in my home within the past year.
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7 March 2024 | 4 replies
The husband who blocked about filling out his own application, has a credit rating of 660.Are they considered two equals one and 751 credit rating meet the requirement or do I look at both credit rating separately?
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7 March 2024 | 19 replies
The stamped plans always have an address on them in the title block.