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26 February 2024 | 11 replies
For my clients buying this as a vacation rental, even if they got coverage and could rebuild after a fire, the value of the short-term rental in Colorado would be ruined b/c no one wants to visit a scorched mountainside.If you're an agent like me working with STR/second-home buyers, or your just buying yourself, navigating the wildfire risks and other natural-disaster risks of a home are now part of the transaction.
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26 February 2024 | 2 replies
The reason this is very dangerous is because not only does it impact your cash flow, but it also impacts your ability to exit as pricing is typically based off of the NOI approach.2) Natural Appreciation: Currently there is some healthy appreciation in the market, however, is that going to continue at today's rate for the next three years?
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26 February 2024 | 32 replies
ZERO risk to investor and all was already covered during our 60min call).9) Investor never sends the deposit.10) Investor doesn't reply to follow up emails, txt's or phone calls.11) Investor rudely tells my assistant to remove him from the list and hangs up on her.There you have it folks.Another day in the office and again just one instance out of hundreds that I could write 13 books on what we have experienced since 2014.I guess the lesson is that we all need to be "Kings that cry poor".It seems like nobody is happy, if you're happy and nobody wants you to do well and make money.Everyone seems to want the best deal possible for the lowest price possible even if that comes at the detriment to someone else.I'm exaggerating but from a philosophical standpoint, human nature is to feel "more accomplished" and "more satisfied" when knowing someone else pulled out the shorter straw.It took me many years of self reflection to master this internal concept of "understanding, empathy and compassion" toward others...Would love your thoughts on the above?
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25 February 2024 | 6 replies
It’s human nature.
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26 February 2024 | 7 replies
The key is to understand that the member or economic interest in an LLC is considered personal property (see NCGS Nature of ownership interest) and transfer is relatively easy.
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26 February 2024 | 50 replies
Eventually went to Goodwill for my clothes, ate bologna sandwiches for lunch for years (I don’t/won’t now, lol), cut my own hair (still do, because I don’t have a lot of it anyway), we refinished garage sale furniture and sold it, we shoveled driveways, then got into online sales of dvd/blurays (still do it) weekends and nights sending stuff out.
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27 February 2024 | 18 replies
Essentially, this boundary delineates the city limits of Lexington and regulates new building developments within its confines, preserving the surrounding rural, natural, and agricultural landscapes.
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26 February 2024 | 16 replies
If you are evaluating properties with old combustion appliances be sure to check for carbon monoxide and or natural gas leaks.
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26 February 2024 | 30 replies
It may be close to one of the nicer areas but perceived and natural barriers make the two areas very different places to invest.
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27 February 2024 | 2053 replies
Depending on the nature of the renovations, you may not be able to deduct the full $40k in 2018.