Saika Maeda
ADU permit or not; financial implications
20 December 2024 | 27 replies
Quote from @Saika Maeda: Hi all, I’m almost in escrow with this single family home in LA with an un-permitted large ADU with a Certificate of occupancy.
Mike Sfera
New to REI; looking to learn and connect
13 December 2024 | 9 replies
I also recommend starting small with a duplex or single-family home to learn the ropes before scaling up
Javier Molina
Mildly complex structuring for multiple properties. (LLC, Trusts, Multi-state)
12 December 2024 | 12 replies
(I just went through probate when my mom passed and it sucks and would like to prevent my successors from having to deal with the same if possible).Bonus question, one of my properties is still under mortgage, he mentioned something about transferring it to an LLC can trigger a due-on-sale clause but not when transferred to a Trust.
Hector Espinosa
Seller Financing Advantages and Disadvantages
10 December 2024 | 5 replies
* House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?
Karin L Mahmoodi
Early Termination (abandonment) of Apartment Prior to End of Lease in Duluth, GA
11 December 2024 | 5 replies
1 year lease for an apartment to a single woman with a dog in Duluth, GA.
Rud Sev
High level of taxes for syndication
20 December 2024 | 20 replies
Rud, Syndication deals (and crowdfunding deals which are essentially syndications that are allowed to market over the Internet) can be set up in numerous different ways.So there isn't going to be one single answer for this.To answer your question, I am not an accountant and you should always consult with your own tax accountant before making any investment decision.
Jackson Harris
Starting Out In Phoenix At 24!
17 December 2024 | 12 replies
Keep an eye on the STR regulations, and as you progress, consider diversifying your portfolio with other asset classes like commercial or single-family rentals for added stability.
Lorraine Hadden
Are You Leaving Money On The Table?
10 December 2024 | 0 replies
Take for example, while representing buyers in single family transactions, during the negotiation, I ALWAYS ask the sellers to credit the buyer(s) up to 3% of the asking price toward the buyers costs.
Ivona Blazevic
My First House purchase
11 December 2024 | 1 reply
Every single surface in the house was redone/replaced.
Scott Trench
Bold Prediction: The Fed WILL Do a 25+ BPS Cut... But RE Borrowing Rates Will Rise
17 December 2024 | 20 replies
The equity market skyrocketed in margin for Nov24 by almost 10% MoM and 29% YoY.