Deborah R.
Repair Roof or just Wait for a Storm?
30 October 2024 | 12 replies
My vote is to repair, repair, repair.Water damage can lead to significant problems, from blistering / peeling paint to ceilings collapsing and electrical shorts.
Lynnette E.
tenant charged with rape of a child under 13
29 October 2024 | 5 replies
It went to the grand jury and they voted that 3 charges of child rape were warranted, plus the age charge.
Sharad Bagri
How to structure a partnership for real estate deal
31 October 2024 | 12 replies
Does everyone have equal votes?
Tony Carrozzino
SFH Zoning for MFH Property
27 October 2024 | 1 reply
A zoning board meeting and vote is required for a variance approval and is usually rejected due to local political opposition.Also, there might be problems with files from 1915 and it took me 3 visits before they were able to locate the files and see the original plans.
Diran Deukmajian
Prop 33 - Good or Bad For Landlords?
25 October 2024 | 4 replies
As a landlord, you should vote No on Prop 33.Costa-Hawkins restricts most control laws that local cities and counties can impose.
David Matthew
Thoughts on my 1031 re-invest strategy?
2 November 2024 | 19 replies
My vote is to keep the SoCal properties and if you can do a HELOC or equity loan to pull some equity out if you want to buy in Memphis or somewhere else.
William Coet
Why Does the Big-Money Invest In Landlord Unfriendly Cities?
30 October 2024 | 35 replies
It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years.
Jamaal Smith
My monthly tax payment increased by a $600
29 October 2024 | 15 replies
Vote for politicians who won't raise the money supply by 40% again.
Mark Faulkner
Does proposition 33 get you worried?
24 October 2024 | 0 replies
With Proposition 33 potentially getting voted in, does anyone have the intention of looking in other areas such as Georgia for investments?
Becca F.
Do PALs from RE offset capital gains from stock dividends and another question
29 October 2024 | 12 replies
Many reasons: to encourage/discourage certain economic behavior, to appease a certain industry lobby or some fellow lawmakers or even sometimes a private individual, to buy votes, to balance economic effects of a new law, as well as simply out of incompetence of our lawmakers.