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19 October 2024 | 25 replies
Reduce local building expenses, fees, encourage investments where people want to be.
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14 October 2024 | 3 replies
Does anyone know of straight software instead of a monthly/ annual service with a fee for a commercial real estate firm with less than 150 tenants?
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17 October 2024 | 14 replies
They're retired and on fixed incomes, and they won't be able to afford the insurance and/or their HOA fee increase.
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13 October 2024 | 2 replies
Hi everyone,I have a unique situation wherein we placed 3 properties (all located in maryland, baltimore city) into an S corp and looking to transfer at least 2 of the properties out of the LLC into a multi-member LLC partnership.1) are we subject to transfer taxes or fees for the transferring?
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7 October 2024 | 3 replies
I'm looking at a potential opportunity. SFH, ranch, currently has tenants. I looked up the owners, they live in SoCal a few thousand miles away. In this market the rent:price is usually around 0.5%, pretty terrible. T...
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9 October 2024 | 11 replies
Also, they know things about where you are working...Keep in mind that your municipality will have codes and regulations as well that can be hidden costs.
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14 October 2024 | 4 replies
I would like to have at least a couple properties before moving out of state that will at minimum break-even on cash flow as a LTR with property management long-distance.Other info:Looking to move out on Memphis with my wife in the next 2-4 yearsLooking to start a family in the next year or soComfortably have ~50k ready to invest sitting in HYSA, excluding Cash reservesHave an extra ~$70k in stocksMost interested in A- to C+ neighborhoodsI currently own & live in a 2/1.5 Condo locally (3.5% interest rate)Not allowed to rent it outHOA fees have risen to where PITI + HOA = $1100/mo.Have ~$100k trapped equity, good zip code I could sell quicklyOption A: Purchase another primary home locally I could live in for 2 years (lower interest rate), with intention of eventually converting it to LTR when I move out of state.
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16 October 2024 | 6 replies
There’s probably asset protection specialists/firms who will side with your approach but it’s not practical and they are just fee collectors.
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16 October 2024 | 25 replies
As for refinancing, it is generally possible, but evaluating the costs, including closing fees and any additional points, is key.As a side note, you are obviously concerned about interest rate, and this can make a difference of hundreds dollars per month, but I see clients with properties where the monthly lease is 2x the monthly mortgage payment.
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15 October 2024 | 3 replies
You may have to go to court and get a judgment quieting title, or you may be able to work with the insurance underwriter and not have to pay all those legal fees.