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22 October 2024 | 4 replies
Therefore if you purchase in say September, your current years tax bill will be based on the current years value which may be even lower than what you can achieve with the exemption and on investments the value will be updated according to your ATI and will not be reassessed by the county for five years as well as once it is, the increase is capped to a 15% increase in value which is not common and can be appealed which is less often than many other states.Yes, the effective tax rate comes out to a difference of say 0.5% on personal residence to 3.0% on investments, but I would say handling it the right way up front and budgeting for it in your analysis is better than risking it another way.
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22 October 2024 | 7 replies
But you need to learn all about landlord/tenant laws, how to do basic repairs, know what average labor and material costs are for common projects. learn about payment systems, how to interview property managers, tenants and handyman services, build a team of realtors, contractors, title, hard/private money lenders, inspectors, appraisers and soooo much more.
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21 October 2024 | 24 replies
They sent the full rent payment and trying to ignore the 60 day notice to vacate by paying for the full month.
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21 October 2024 | 17 replies
If we zoom in a bit and only focus on listings around your property, there are still several:By the way, did you notice on that last pic that we sorted by DOM?
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21 October 2024 | 4 replies
A common rule of thumb for Return on Equity (ROE) in real estate is to aim for 8-12% or higher.
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20 October 2024 | 2 replies
Based on what I've read, written notice has to be provided 48 hours in advance?
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24 October 2024 | 139 replies
But that's been common for all areas I have invested in.
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20 October 2024 | 2 replies
Is this common practice?
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23 October 2024 | 11 replies
If she finds mold, she can give notice and vacate.
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21 October 2024 | 2 replies
Then a wise man who was already successful doing what I wanted to be doing shared some common sense that I took to heart: settle on ONE strategy to get started and block out all the other noise, the BS, and the well intentioned but misinformed friends and relatives telling you that you can’t do this.