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27 January 2025 | 12 replies
Generally larger commercial properties and shopping centers are easier to classify with hard and fast rules, but to the points above the residential areas really move very quickly and have way more nuance than most people care to admit.zip codes are generally way too large for my liking at least in my market to provide any kind of insights other than macro level economics but even then highways or rivers that cut through a zip code can end up with totally different trade areas.we can get pretty granular with cellphone data and with grocery center data to understand the trade areas and their true boundaries, but that kind of data pull is generally only cost effective for investors doing larger scale projects or developments, and honestly we still just end up getting on the ground and feeling it out, so I generally tell people that the money is better spent on a plane ticket and weekend trip in the area you are looking rather than any kind of "trade area" level data studies.and generally B class in 1 area means something different than another.
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21 January 2025 | 40 replies
There have been a few things that I feel like they could clean up, but it seems like they work hard at updating it to provide a lot of value.
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20 January 2025 | 1 reply
- The market is in a little bit of a lull right now (buyers market), its a great time to buy, but slower time to sell (my primary business is flipping houses) I can supplement my flipping business by providing project management services/consulting, helping investors find discounted properties, etc. etc.
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9 January 2025 | 2 replies
@Ilia Zakharav, There's no problem in selling individual units and 1031 exchanging them as individuals.
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22 January 2025 | 4 replies
Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.
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6 January 2025 | 4 replies
As a property manager, it's crucial to understand the nuances of these fraudulent practices, recognize the signs, and implement strategies to mitigate risks effectively.Understanding Rental Application FraudRental application fraud occurs when a prospective tenant provides false information on their rental application in an attempt to secure a lease.
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13 January 2025 | 12 replies
Personally, I airbnb half of my house, individual rooms, and stay nearly 100% booked.
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22 January 2025 | 2 replies
However I’m not ignorant to the fact that there is a lot out there just collecting money and not providing much.
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21 January 2025 | 10 replies
Provide a detailed accounting of deductions, along with the invoices, to show you’re acting in good faith.
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19 January 2025 | 2 replies
I would find out who the manufacturer is and send it to them and confirm they will provide a warranty on this.