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14 January 2025 | 5 replies
Hi Kin,Transferring your share of the property to your brother may have tax implications, including gift tax if the transfer is considered a gift.
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29 January 2025 | 10 replies
It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).
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5 February 2025 | 5 replies
Since you're open to markets beyond NYC, you might want to connect with local investor meetups or REI groups in those areas to build relationships with agents, wholesalers, and lenders who understand the nuances of each market.If you're looking to break out of analysis paralysis, maybe start by narrowing down one or two target markets and running numbers on actual deals.
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30 January 2025 | 10 replies
@Veronique Leroy I would say it is possible if you force equity, hold for a few years and then sell and then average the return of the whole profit over the timeframe of deal.
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9 January 2025 | 3 replies
In terms of maintenance, they are generally safer because you are not responsible for the exterior and common areas and potential leaks, etc.
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20 January 2025 | 19 replies
I shouldn't have to "look out" for major issues, if a tenant moves out before the close date and the contract states that the unit will be delivered occupied, looking out for my best interest would be to find out when they are moving out and the state of the unit.I've had rentals for many years and this is the worst buying experience that I have had.Our contract was about a year ago and the reason why I am responding now is for two reasons 1) to warn other buyers and 2) because a potential buyer of yours actually reached out to me and suggested that I post my story on this platform.Keep on responding Katee.
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29 January 2025 | 3 replies
Quote from @Jeff Sanders: Personally coming from an agent/investor in CA, I always get a quote from a broker of mine and make sure I am knowledgeable with the fees/costs.
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20 February 2025 | 32 replies
Figure rates are significantly higher doing this instead of the more straight forward approach.
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2 February 2025 | 22 replies
I currently live in New Britain, 06051, but prefer the other end of town closer to Central CT State University, 06053.
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4 February 2025 | 7 replies
@Jesi Young I like the tone of your post.