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27 December 2024 | 16 replies
As noted, commission are always negotiable as are brokerage options (full service to discount companies that pretty much just post it on the MLS and you work with all calls, offers, etc) and an agent can go over likely net out scenarios with you and give you an idea what you likely will be able to net after closing expenses and paying off the mortgage balance.
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6 January 2025 | 77 replies
Meritocracy...require a minimum vote ratio to post.
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3 January 2025 | 2 replies
Some hotels actually have a condo like structure, where people can own the units, but perhaps are limited on their personal use to only a certain amount of the year - the rest of the year it is in the rental pool managed by the hotel.If numerous room owners stopped paying their bills, you could get tax liens on numerous separately owned units.Hotels are a tough business, an issue I also see come up with them often is that they require refreshes, expensive and relatively often - at least once every 10 years, if not more often.
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4 January 2025 | 14 replies
One particular point can not be over emphasized; even if someone has and is willing to invest the capital in attempting to build or scale their business or investments, they still May fail if they do not possess or can not evaluate those who CLAIM to possess the necessary expertise required for scaling.
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3 January 2025 | 11 replies
That said there are some nuances and requirements to property implement interest tracing so ensure you talk to your tax professional ahead of time and keep the funds movement as clean as possible.
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3 January 2025 | 4 replies
There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.
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28 December 2024 | 7 replies
This one requires a very specific tenant who values that feature.This variation got me thinking: How can I identify more properties like my first one?
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4 January 2025 | 4 replies
The interest rate and down payment requirement are lower than if it were considered a second home or investment property.
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9 January 2025 | 17 replies
Ideally your cleaner should have enough other work so that doing your property is available in their schedule but not required for them to pay their bills.
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30 December 2024 | 6 replies
Please correct me if I'm wrong.You can require them to have insurance, but you cannot require them to purchase from a specific policy provider.