Not only did it cut his living expenses drastically (and the triplex appreciated $843K over those 10 years, not bad on a $20,000 down payment even though that was a fair amount of money back then), but one of his tenants eventually became a business partner on his next investment.

Although the cost of the house is more upfront the value goes up faster and renting is fairly quicker in california.

Section 1245 recapture is calculated at ordinary tax rates, which leads us to recommend holding the property for at least four years when considering a cost segregation study.When a property is sold, the fair market value of Section 1245 property may be uncertain.

to be fair and balance like Fox news.. my client negotiated to leave 1k with them and extend the close until probate is done and get refunded 6500.00 so assuming they actually send him a check ..

It’s fairly common to feel the way you do in the beginning.

If the bottom insulation of the home is torn and the skirting is not properly maintained, it can cause a host of other issues, like pest and moisture problems.Additionally, if the foundation is not sturdy enough, situated correctly, or on a concrete slab (permanent foundation), a mobile home’s support may sink slowly into the earth over time.

The property is important to us, and the numbers mustshow the deal will produce a fair profit, but as direct lenders (i.e., we lend our own money) we always bet on the borrower first.

If it's a $100k loan amount, then yes this seems pretty fair across the board.

Prior to Oct 1, we just signed an ew lease with an existing tenant that maintained a security deposit of more than 1 months rent but less than 2 month rent which was the previous limit.

Prices have increased significantly in my market in the past 18 months with savvy sellers now expecting top dollar for their terribly maintained properties.