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4 October 2024 | 27 replies
I would take a 1920s property that has all new systems over a 1980 property that hasn't been touched.
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6 October 2024 | 5 replies
What's the condition of major systems like plumbing, electrical, and roofing?
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4 October 2024 | 6 replies
One's name is Bob Diamond - America's Tax Sale Attorney and the other is Shawn Buige and his system is called Surplus funds riches.
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5 October 2024 | 9 replies
The support system I have set up is Connecticut based in the Hartford County area.
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3 October 2024 | 3 replies
Keep in mind, you will likely have to install a sprinkler system, among making other changes for the home to be used for that purpose.
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4 October 2024 | 9 replies
They need a lot of systems to be in place and need a LOT of attention on the marketing and maintenance sides.
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5 October 2024 | 14 replies
You can also look at Schedule E, which connects to depreciation, though it won’t show the exact cost basis.Since depreciation affects the final cost basis, you might want to ask your CPA for a summary of your properties' bases to save time in the future.They should have a system where we can give you not just the basis but also a detailed gain (and estimated taxes) calculation within a day.
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3 October 2024 | 23 replies
The bottom-line requirements for wholesalers are:A buyer must disclose to a seller of their intention to wholesale the property;A buyer must disclose they are selling their equitable interest/contract rights (versus selling the property) in all marketing, advertisements and communications with other parties;"
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3 October 2024 | 16 replies
A couple of considerations that differ would be these off the top of my head:Take a look at the septic system.
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3 October 2024 | 4 replies
Turns out, during construction, one of our vendors flushed something down the toilet, causing a clog, which led to the system overflowing and flooding the home.We ended up having to cut and replace drywall in multiple rooms and swap out the wet carpet, which will cost us around $10K.Mishaps like this will happen in Real Estate.