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23 October 2024 | 11 replies
It's hard to use hard money on these since you typically need an inspection of some sort.
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22 October 2024 | 4 replies
In both states, the transfer taxes are typically paid by the seller, but terms may vary.
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25 October 2024 | 26 replies
I think this is the gift and the curse of a still emerging asset class (short term rentals) - as it becomes more "institutional" i.e. more like commercial real estate with more sophisticated buyers then financials and systems for this will likely become more streamlined and stable, but we are still in a place where the buyer pools are more newish investors or typically residential basic investors, so not has experienced or sophisticated evaluating investments based on a detailed financial analysis like more seasoned commercial investors likely would.anyways, just a guess on what might be going on here
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22 October 2024 | 15 replies
This is also why two parties go to court or arbitration, they differ in their interpretation of typically very clear language in the contract and one or the other doesn’t want to honor it.
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20 October 2024 | 14 replies
From a lenders perspective, it is typically too risky to offer someone more than 75% on a cash-out refi.
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22 October 2024 | 11 replies
When you sell, this depreciation must be "recaptured" and is taxed at a higher rate, typically 25%.So, the taxable amount is **the difference between the sale price and your adjusted basis**, including depreciation recapture.
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23 October 2024 | 11 replies
I am just not experienced enough to tell what typically happens if a professional mold company tests and finds mold unbeknownst to me.
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24 October 2024 | 139 replies
And I'd bet your 'Contractor' is not licensed or is not very good compared to typical standards...But good luck....
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21 October 2024 | 13 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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23 October 2024 | 11 replies
Webinars and getting people to sign up for events is typically the most productive or dinner where you share what you are doing.4.