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22 February 2025 | 8 replies
In this instance what I would do is get the deed in lieu from the borrower so you ahve the property again and get a note from them but have an attorney draft it to see if you can include a confession of judgment - meaning if they do not pay then you can get a quick judgment and possibly garnish wages.I would also have them put a small down payment as part of the note and only accept a check that way if you ever did garnish you have a copy of a check so you know where they bank.unfortunately you are right they can stop paying on the note and its unsecured so its a risk but out of all the options this is your best option.
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11 February 2025 | 6 replies
Why ask: Be clear on what you get with the program including any tools that the company may use themselves.9.
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11 February 2025 | 1 reply
Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.
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22 February 2025 | 22 replies
It also typically includes liability coverage and pays out RCV for damages.Thanks Lisa I am not an insurance expert, but the main point is, you want to be certain that the policy is not a standard homeowner's policy, nor standard landlord policy.
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6 February 2025 | 10 replies
@Adam BartomeoGuys the IRS requires the 1099 amount to be equal to the GROSS amount you collected on behalf of the owner, even if you are collecting water bills, etc. from tenants.NOTHING is deducted from the Gross amount,including your PMC fees!
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21 February 2025 | 2 replies
The house I would be renting has a current mortgage (including escrow) of $1,100 per month.
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11 February 2025 | 5 replies
And here the squarefootage of ADUs are included in the overal squarefootage of the home.
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21 February 2025 | 102 replies
Can't believe they would be profitable including those!
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24 January 2025 | 0 replies
The combination of Germany's stable economy, well-regulated property market, relatively low interest rates, and the opportunity for long-term capital appreciation make it a compelling choice for U.S.
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11 February 2025 | 5 replies
Quote from @Paul LaValley: I live in Tucson and know Tucson really really well so I want to start here and then jump up to include Phoenix area.