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11 September 2024 | 7 replies
Just so's I understand; say I buy house with all cash, no debt for $300k, and sell some years later for $300k (no gain) but on the way I depreciated $100k in some combo of straight line and accelerated depreciation.
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9 September 2024 | 18 replies
If the later is the case, unless your contract with that buyer had specific performance language in it, there is nothing you can do.As to the advice above about potentially clouding title, you are now entering the legal realm and you should NOT be taking legal advice from anyone other than your attorney as clouding title in THIS case can swing back at you from the original sellers for not performing and claiming damages against you.If you intend to wholesale, you need to do it legally and ethically and in many states, that requires either a license, closing on it with your funds or borrowed funds, then marketing for resale once you have title, or having your buyer upfront, forming a legal entity with both you and buyer as owners.
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10 September 2024 | 29 replies
I do not break them down into categories, however I explain what work was done in the memo line so if I want to know later I can print the report and add to an Excel spreadsheet.Attached are screenshots of a sold property.
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9 September 2024 | 0 replies
During our monthly market study, Marion Oaks (Ocala) consistently stands out as the area with the highest demand for new construction housing.Below are some of the markets we analyze, along with their average months of housing supply: - Palm Bay: 3.4 months - North Port: 4 months - Port Charlotte: 5.4 months - Marion Oaks: 2.2 months - Silver Springs: 2.8 monthsStudy Criteria: Single-Family Homes Built in 2022 or later, 1400-2400 sqft.
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9 September 2024 | 4 replies
Sometimes she was late for rent and they were keeping me in loop about the same and then paid the rent a week later etc.Now for Sept they didn’t pay the rent and when I reached out asking for rent after 5th Sept, they said that they vacated the place due to hazardous mold issue (she says she verified with over the counter mold kit) and also said this is a 5 day notice to fix the place.
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12 September 2024 | 32 replies
Creative Financing StructuresThere’s also the possibility of lease-option or lease-purchase agreements, which allow you to control a property now and buy later, often with part of the rent going toward the down payment.
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10 September 2024 | 12 replies
You should know who is living in your property to ensure they are not a danger to the rental, the neighbors, or yourself.There's also the risk that Tenant A moves in, then later adds Tenant B without adding them to the lease.
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8 September 2024 | 0 replies
Initially we had this home built to be a primary residence for us & later decided to rent it.