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24 June 2024 | 8 replies
Interest rates are often a key concern for real estate investors, as mortgages are often the difference between a cash-flowing deal and a dud.
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22 June 2024 | 3 replies
Some students rave about their guru, some come and complain about how they got ripped off.There are a few patterns that raise yellow and/or red flags that we want to call out that are concerning, and we think community members should be skeptical about when deciding whether to spend thousands of dollars (sometimes tens of thousands of dollars) on guru training.6 Signs Your Real Estate ‘Guru’ Might Be a Rip-Off:1.
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23 June 2024 | 105 replies
This is a strategy I would like to implement on all my properties (I have some of my properties in an LLC, but not all), but I’m concerned with the underlying loan being unassociated with the LLC directly and opening things up to commingling accusations.Thanks!
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22 June 2024 | 17 replies
This ordinance is significant for its comprehensive approach to addressing source-of-income discrimination, particularly in the context of housing and rental opportunities.Key aspects of this ordinance include:The creation of a $1 million Landlord Risk Mitigation Program to financially assist landlords who accept tenants with vouchers, such as Section 8.Establishment of a landlord liaison position within the City’s Housing Department to facilitate communication and support.Landlords are allowed to deny rental applications based on individualized assessments, such as criminal convictions, credit scores, and eviction history, but the ordinance also sets clear guidelines for what can and cannot be considered.It includes a delayed effective date, allowing time for landlords and tenants to adjust to the new regulations.The ordinance also specifies that certain properties, particularly older houses that cannot easily comply with current codes, are exempt from some of the source-of-income requirements.The guidelines provided by Kansas City's Ordinance 231019, detailing what can and cannot be considered in rental applications, include several notable points aimed at balancing the rights and concerns of both tenants and landlords:Individualized Assessment Allowed:Landlords can deny rental applications based on specific, individualized factors, including criminal convictions, credit score, eviction history, alleged damages, and rent-to-income ratio.
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22 June 2024 | 4 replies
My major concern is my income, since I would struggle hard to be able to afford this myself.
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22 June 2024 | 13 replies
My main concern, being my first rent increase, is the attitude/personality needed for such a task.
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21 June 2024 | 8 replies
My main concerns are health & safety, along with the ability to insure the property for $300 or less per month.
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21 June 2024 | 1 reply
There is good news and bad news: good news is that there is a stepped-up basis as of the date of the gift of 50 percent of the gift date fair market value of the property as far as you are concerned for capital gains purposes.
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21 June 2024 | 7 replies
My concern is if it is a good idea to get rid off carpet, will it be appealing for renters in Texas.
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21 June 2024 | 13 replies
The biggest concern they are having is over dramatically increasing costs...not so much with rate, but with items like taxes and insurance.