A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

We own our house in Seattle and are trying to determine the best strategy for our move - what approach would net us the most money over the next 1-3 years.

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

Drive around the neighborhoods to understand the lay of the land - if you have someone who will take you around and explain, better yet. 

Otherwise, just go through all the local/regional banks.   

I have a one page lease addendum to cover this, that is executed with every tenant and every lease.

It's exciting and can be overwhelming at the same time! 

I wanted to be able to help educate people, especially the underserved community, about real estate, whether buying, selling, and assisting with the process of foreclosures and short sales.

I've done some negotiation with the seller already and we've agreed on the broad terms of the deal.

Here are my top 5 tips for starting the new year off right!