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18 February 2025 | 12 replies
The issue I am running into is in the refinancing of it, now that the construction is finished.
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23 February 2025 | 13 replies
That can be expensive and will likely cost between 15 and 20% of the revenue (and that doesn't often include the cleaning fees) which may mean that you don't make a profit.
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3 February 2025 | 5 replies
In fact, just finished one that I have yet to put on the market.
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9 February 2025 | 11 replies
Quote from @William Penn House Jr: I just got off the webinar and fell for the OKEDOK, It was clearly stated the they would charge only $197 tioday as well as monthly and that would include everything.
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22 February 2025 | 8 replies
In this instance what I would do is get the deed in lieu from the borrower so you ahve the property again and get a note from them but have an attorney draft it to see if you can include a confession of judgment - meaning if they do not pay then you can get a quick judgment and possibly garnish wages.I would also have them put a small down payment as part of the note and only accept a check that way if you ever did garnish you have a copy of a check so you know where they bank.unfortunately you are right they can stop paying on the note and its unsecured so its a risk but out of all the options this is your best option.
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19 February 2025 | 14 replies
I am taking your advise, and switched my game plan to include a local agent or property manager to show the properties.
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12 February 2025 | 12 replies
There are many other options as well including some that are included in property management software products.
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12 February 2025 | 12 replies
You will report worldwide income on your federal and Kansas tax returns.You will also include the MO activity on your KS return.Your MO return will only include the acitivity within that state, which in this case, is the rental property.In the future, if you have income in MO(either through the sale of the property or through rental income), you will pay tax to MO but KS will give you a credit for any taxes you pay to MO.best of luck
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23 February 2025 | 7 replies
The county's so-called judge controls everything including election results and tax auctions.Are you sure you'd want to own land in such a place?
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11 February 2025 | 6 replies
Why ask: Be clear on what you get with the program including any tools that the company may use themselves.9.