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30 December 2024 | 13 replies
Such luxury as indoor/outdoor pool, park for skateboard, tennis court, tiki bar with dance floor… of course if you need to think about the ROI and how much maintenance it takesBest ROI items are - big screen TV, hot tub, playground, PS5, BBQ…The issue is cheaper items require more maintenance.
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6 January 2025 | 8 replies
What considerations would be required to address before making a “Yay or Nay” decision to move on an out of state multifamily property.Toughts anyone?
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1 January 2025 | 12 replies
No Specific Performance": Without the remedy of specific performance, you can’t require the seller to clear the title and complete the sale.
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30 December 2024 | 3 replies
Warranties often have limitations, like they might not cover pre-existing issues, and there could be delays if they require you to use their contractors.I'm not sure if you've purchased a warranty already, but before purchasing a warranty, it’s a good idea to carefully read the fine print to see what’s covered and if there are any exclusions.
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19 December 2024 | 14 replies
Bank of America does this - not sure about the minimums, but if you have a good relationship with your local branch, they can waive the monthly fees until your balance grows from rental income.
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20 December 2024 | 6 replies
Gradually raising rents, exploring lease buyouts, or selling with tenants in place are balanced alternatives.
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23 January 2025 | 30 replies
I understand credit enhancements and additional guarantors are sometimes required but to be unable to cover escrow funds and to give away deal ownership for that service is kind of crazy but back to the main point, the real issue is when the Co-GP is not truthful about their true role or embellishes their portfolio/ unit count.
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2 January 2025 | 10 replies
You are not required to move a rental property into an LLC for it to be considered a rental/business on your tax return.You should consider finding a new accountant.Transferring a property can cost thousands of dollars.
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27 December 2024 | 1 reply
I've already contacted the county planner and was told I'm not able to convert this garage to an ADU because of setback requirements.
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31 December 2024 | 97 replies
And I can recall only once that a title company released earnest money to the Buyer without requiring the mutual release - worked out in my Buyer client's favor so I didn't complain.