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9 December 2024 | 20 replies
Along the same lines, the buyer who can barely qualify for the entry level SFH is acutely aware of their cash shortage and therefore are going to be less accepting of household features near the end of their useful life, even if still functional and have a stronger desire for anything that is listed as a deficiency on the inspection report to be corrected.
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5 December 2024 | 6 replies
Putting a property into an LLC before placing it in a trust is generally recommended because an LLC provides a stronger layer of asset protection against creditors and lawsuits compared to a trust alone, effectively isolating the property from personal liabilities while still allowing for estate planning benefits through the trust structure; essentially, the LLC acts as a shield to protect the asset within the trust from external claims.Consider getting professional advice on how to structure your assets to shield and protect the asset(s).
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4 December 2024 | 2 replies
Better materials such as stronger lumber were used when the earlier vintage properties were built and many contained design characteristics such as stone or brick work and intricate millwork that are too costly to replicate today meaning many buildings are significantly below todays replacement cost.
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13 December 2024 | 35 replies
Since you’re looking for landlord-friendly states, consider areas in the Southeast or Midwest, where affordability and cash flow potential are often stronger.
5 December 2024 | 11 replies
And you'll likely want to consider more fringe & cheaper areas for lower prices & better cash flow.I bought a 3-unit building in November last year when rates were 8% using a renovation loan (5% down), made cosmetic renovations to the units, and then we got way stronger rents than expected.
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7 December 2024 | 14 replies
And that occupancies will return to pre-covid levels so that these cabin prices on the bigger cabins will come back and the smaller ones will be even that much stronger.
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4 December 2024 | 18 replies
So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.
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2 December 2024 | 2 replies
Regarding property management, utilizing local property managers can save you time, and using PropStream effectively for filtering properties by distress level and location will certainly help with finding stronger deals.
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17 December 2024 | 86 replies
FHA Loan Planning: - Waiting to secure a stronger financial profile with two years of work history and W-2s is a prudent choice
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26 November 2024 | 6 replies
•Stronger Owner Rights: Property owners have stronger rights to reclaim their property quickly after removing a squatter, avoiding long legal battles.Impact on Property OwnersThe new squatters bill is a significant advancement for property owners in Florida.