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7 November 2024 | 7 replies
To avoid any confusion, this is not the same thing as ( “home sharing”, or an “owner-occupied rental.”)Improvements generally need to be depreciated over 15 years, note I said generally, depending on the nature of the improvement and how long the IRS standard depreciation period is for the cost and size of expenses.Strategies depend on a number of things including, but not limited to: type of property, your material participation, how long you plan to hold it, your goals.
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6 November 2024 | 4 replies
Make this your measurable goal that you track with your daily activity each day .. aka Key Performance indicators or KPIs.
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7 November 2024 | 6 replies
What type of renovations are best on a house hack if the goal is to BRRRR every year?
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9 November 2024 | 21 replies
Engineering Report has declared the property re buildable Goal to to be all in under 80kBased on lose comps 120K today would be the resale value to hit as a 3/1.
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8 November 2024 | 4 replies
The situation escalated to the point of receiving death threats, so I no longer feel comfortable communicating with her.My Goal: I want to determine if filing a partition action is the right path forward to either sell the property or have my share bought out.
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7 November 2024 | 4 replies
Our expertise bridges the gap for these emerging developers and allows them to grow in their capabilities and ambitions.Our goal is to become our partner’s most important partner.
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5 November 2024 | 6 replies
It comes down to your goal for the property.
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6 November 2024 | 5 replies
If you aren't sure who to choose from, ask each of them for a meeting/consultation to break down your goals, the market, and the acquisition process.Once you've selected one, have them draft the offer for you and take it from there.The best agents are responsive, knowledgeable on the local market, have a strong supporting team (i.e. lenders, title, inspectors, title, etc.), and know how to put together a deal.As @Michael K Gallagher mentioned, you'd want to clarify whether or not your agent is also representing the seller.
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6 November 2024 | 4 replies
Is your end goal to have CF or equity?
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6 November 2024 | 2 replies
The HELOC may or may not disappear, but it will likely be "extinguished" from the property title after auction.After a first mortgage lender forecloses and it's lien is paid off with the proceeds from the sale, any surplus funds from the foreclosure sale are distributed to creditors holding junior liens, like a second mortgage lender or judgment creditor.And by the way, YES you should serve notices prior to entry just to be safe.After you acquire the property, what is the goal?