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2 October 2024 | 2 replies
I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)- There's a line item where property tax rate appears to be 3% of the assessed value- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctlyAlso, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then.
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5 October 2024 | 5 replies
I am not sure which state you are talking about but if its a Southern state they are easier to sell.When it comes to creative financing or options in general there are many options.
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3 October 2024 | 6 replies
I check on those properties now and then on Zillow to torment myself about their current values lolBiggest misconception is that I thought it would be easier with buying out of state - far more difficult than it looks
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3 October 2024 | 1 reply
I felt the same at first (years ago - I could only wish I started sooner), but once you take the leap, it gets easier.
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4 October 2024 | 8 replies
GP is slightly easier to release but gets complicated.
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4 October 2024 | 10 replies
And finding a good tenant makes the management MUCH easier.
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3 October 2024 | 14 replies
Was it easier to qualify based on the property’s cash flow?
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4 October 2024 | 11 replies
Easier Fruit -- and the band played on....
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4 October 2024 | 6 replies
Obviously you'll need to make sure you get a job/W2 income for at least 2 weeks to a month to get a loan to buy but luckily that's way easier than if you're having to work with 1099's starting out because most lenders require at least 2 years of tax returns at that point to get a loan.
4 October 2024 | 26 replies
@Jill Hutsonthree reasons why apartments don't rent: Condition, Price, and Marketing, and a fourth can be the leasing agent, although I would tend to lump that into marketing.If the house is in good shape, and you're on all the platforms marketing it, then it's a function of price.There has been an oversupply of new inventory coming on line in many markets, and that's why rents have dropped in a lot of the metros.Unfortunately, it appears you have a pricing issue and you may have to start reducing the price, or throwing in some type of concessionGood luckGino