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4 May 2024 | 66 replies
The easement must be evidenced by written instrument recorded in the office of the clerk of the circuit court in the county where such land is located before the recording of such tax deed or master’s deed, or, if not recorded, an easement for a public service purpose must be evidenced by wires, poles, or other visible occupation, an easement for drainage must be evidenced by a waterway, water bed, or other visible occupation, and an easement for the purpose of ingress and egress must be evidenced by a road or other visible occupation to be entitled to the benefit of this section; however, this shall apply only to tax deeds issued after the effective date of this act.197.573 Survival of restrictions and covenants after tax sale.—(1) When a deed or other recorded instrument in the chain of title contains restrictions and covenants running with the land, as hereinafter defined and limited, the restrictions and covenants shall survive and be enforceable after the issuance of a tax deed or master’s deed, or a clerk’s certificate of title upon foreclosure of a tax deed, tax certificate, or tax lien, to the same extent that it would be enforceable against a voluntary grantee of the owner of the title immediately before the delivery of the tax deed, master’s deed, or clerk’s certificate of title.
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2 May 2024 | 9 replies
I started out as an investor, focused mostly on value add, adding square footage, beds/baths.
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1 May 2024 | 5 replies
Here are the #s:Asking $129,0002 bed 1 bath 718sqftEverything has been updated15% Down - 9.5% Interest rate - 30 yrs amortization, no ballon Rents around $1000 - 5% Vacancy - $700 Taxes yr - $741 Insurance yr - 10% Property Management - 1.5% of rent for Maintenance and 5% of rent for capital expenditures.
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3 May 2024 | 30 replies
Provided I am to report the Airbnb activity on Schedule C, can I use the net loss (from painting, decorating, repairs, purchase of washer, dryer, furniture, bedding, linens, towels, etc) for 2019 on this activity against other active income such as W-2 income?
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2 May 2024 | 20 replies
Never been believe it or not lolI guess I'll have to keep 1 unit empty just for us hahahahaZoning is commercial (Duplex qualifies for this).Initially wanted to change back to residential because we could get higher exit dollar due to area if can change to residential (Got comps in the $130,000 all day, take $10,000 - $15,000 off for main road and it's a $115,000 property)We could have done this as this property was residential long time ago but when it comes to the city on anything, I prefer staying away.Incompetent delay after delay so best is to just keep things the way they are.Plus, single parents would love a nice 1 bed, 1 bath duplex in the Washington Local district so it will work well.Thanks mate
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2 May 2024 | 9 replies
Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.
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30 April 2024 | 4 replies
One room will easily fit a king bed which we plan to do.
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30 April 2024 | 27 replies
I'm not just talking matching bed spreads with a wall mural, but more like a castle bed that you can walk into with a slide, for example.
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30 April 2024 | 7 replies
Also adding another bed may appeal to a certain group that needs say 6 beds instead of 5.
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30 April 2024 | 6 replies
I have a client that just closed on a 3 family in Danbury and has an incredible 2 bed 2 full bath for rent.