Ernest Ho
Emotional Support Animal / Service Animal
19 January 2025 | 18 replies
so I can officially know about the dog, licenses, shots, etc.Thanks.Remember a lot of ESA's are fake and you can verify them by confirming the person who signed them is licensed in your state.
Yooni Choi
How to self-manage out-of-state property
26 January 2025 | 12 replies
Once they are leased, then you can take over from there.There are several software options if you want to self manage.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
Mortgage recasting is a great option for homeowners who:Have received a windfall, such as a bonus, inheritance, or proceeds from selling another property.Want to lower their monthly payments without extending their loan term or going through the hassle of refinancing.Are satisfied with their current interest rate and loan terms.How to Get StartedIf you’re considering mortgage recasting, here are the steps to take:Contact Your Lender: Ask if they offer mortgage recasting and confirm your loan’s eligibility.Determine the Lump Sum Amount: Decide how much you can afford to put toward your principal.Calculate Potential Savings: Use an online mortgage calculator or consult with your lender to estimate your new monthly payment and total savings.Submit the Request: Once you’ve made the lump sum payment, your lender will process the recasting and provide a new payment schedule.Final ThoughtsMortgage recasting can be a powerful tool for homeowners looking to reduce their monthly payments and save on interest without the cost and complexity of refinancing.
Kyle Carter
Forclosed housing informational - personal experiences
15 January 2025 | 5 replies
. 😉 Lack of investment capital (money) ought never be the obstacle because if the deal is right, the money will always appear.Then, you’ll need great data sources both for identifying opportunities and confirming the facts.
Melanie Baldridge
A post on recapture.
21 January 2025 | 2 replies
But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.
Charles Evans
New Landlord Advice
26 January 2025 | 5 replies
I was told by the previous owner that you're moving out by February 1st, can you confirm that?"
David Hoffman
Industrial real estate operators
7 January 2025 | 17 replies
Can confirm Joseph is a real person
Michael Challenger
First Time (Potential Buyer) Seeking Advice on House Flipping in Charlotte, NC
7 January 2025 | 5 replies
HML lenders want to see a clear path to profit, so ensure your ARV and rehab estimates are solid.For next steps, definitely prioritize a detailed inspection to confirm HVAC and interior needs.
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
22 January 2025 | 12 replies
One way we fight this is with photo verification pre-lease signing and not approving renters who don't view the place in person, our credit underwriting software also flags apps that have a high likelihood of fraud.
Michael Overall
Utilities and Interest during remodel Basis or year deduction
21 January 2025 | 10 replies
Costs after it’s placed in service are deductible as rental expenses.If you need help tracking these costs or categorizing them for your tax return, consider working with a tax professional or using software that helps you manage rental property expenses.