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24 June 2024 | 8 replies
If they cause damage to the flooring, then they are definitely losing the deposit.
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25 June 2024 | 11 replies
The fear for a long time was that the short hold time by the individuals would cause an "intent to hold" issue with the 1031 exchange.
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27 June 2024 | 37 replies
Are your tenants causing you, the neighbors, or the police any problems?
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25 June 2024 | 11 replies
I'd definitely talk to your CPA to run scenarios, but I believe there are some exceptions to the 2 years if your move is due to an employment change or other extenuating circumstance that causes you to need to move more than 50 miles from your current place of residence.I feel like tax code is always slightly changing, so I've found running different scenarios with a CPA is the easiest way to get a straight answer.
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25 June 2024 | 6 replies
@Chris Rogers higher interest rates have caused most Class A property purchases to NOT cashflow for an approximate 3-5 years.So, many naive investors are chasing Class B, C & D properties to cashflow, WITHOUT fully understanding the scope of the additional risks involved:(Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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26 June 2024 | 32 replies
Bakersfield may be different cause it's Bakersfield.
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25 June 2024 | 8 replies
Cousin B has to spend more than his entire sale, not just his profit, is causing a’s home worth twice as much as cousin b’s?
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25 June 2024 | 31 replies
It’s a lot better to have it vacant a little longer than get a bad tenant that causes headaches.
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25 June 2024 | 35 replies
We are sending a very clear message to those who seek federal funds that we intend to stand up for the cause of civil rights and expect them to do the same.John Trasvia, HUD Assistant Secretary for Fair Housing and Equal Opportunity (FHEO), added, Prohibiting this form of discrimination provides an essential protection for many Americans, including disabled veterans, seasonal workers, and persons that are using housing choice vouchers to maintain housing for themselves and their children.