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28 January 2025 | 16 replies
If the tenant is claiming to be living in a hotel, she may try to get you to reimburse for that cost unless section 8 has a new process to reimburse them for this... which sounds absurd but I'll let you deduce whether or not you're dealing with someone who is used to paying for things out of their own pocket.
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12 January 2025 | 13 replies
The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.
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24 January 2025 | 10 replies
Reverse 1031 Exchanges are more complicated and have higher costs, but can solve these problems.
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22 January 2025 | 2 replies
Pro tip - Home Depot has a tile from Ivy Hill that looks exactly like Zellige for a fraction of the cost.
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12 February 2025 | 15 replies
The latter would create mortgage rates issues, the former will eliminate a lot of fake demand and some material real demand in the housing market that is bid side.Mortgage rates higher + build costs higher(less labor + tariffs)= Kill demand.
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30 January 2025 | 8 replies
If you're in Northern MN, there is a very good chance that the cost to build a new duplex exceeds the resale value, which would be an awful idea to build a new one.
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21 January 2025 | 4 replies
Rehab cost overrun is where most BRRRR investors and flippers go wrong.
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27 January 2025 | 5 replies
It cost him a few hundred bucks, but she was happy, and more importantly, he didn’t have to deal with an expensive lawsuit or bad online reviews.Here’s what I’d recomend doing:Check Your Legal Standing: Since the fence isn’t in her lease and not part of the surveyed property, you’re probably in the clear to remove it.
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10 January 2025 | 11 replies
As the new owner, you’ll want the lease and your landlord insurance policy to take effect as soon as you take title to the property.Temporary Lease Considerations:While short-term leases can work well, leasing to a seller long-term often leads to complications.
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28 January 2025 | 8 replies
Would be curios if folks have also just included the cost of utilities at this price and left it unpermitted.