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30 July 2024 | 23 replies
And the hints that the Court inserted in their decision could be interpreted both ways.I'm not aware of another court case where this question was addressed conclusively.
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31 July 2024 | 27 replies
I later heard but never exactly why, that the place was an absolute money pit and the buyer, who was very experienced, regretted buying it big time.It is interesting, but I ALWAYS do at least a bit of research on the prior owners and have found few "hard luck" stories, at least as far as either higher or high priced single fams go, they're by far the same story where the owner makes the financial decision to walk away, mainly due to the insane HELOC's etc they were giving out, like 125% of home's current value back in like 2006, so now they'll owe literally like $750k on a home that IF in great shape would at best fetch $500k, PLUS they trashed or semi-trashed the place, so they'd be really lucky to get $400k as is and often they may be business owners or whatever and have a relationship with a local bank who will then know "the whole story" behind the big hit they take to their credit score and not treat it nearly as harshly as the average Joe, who's practically banned from even entering the bank for years!
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28 July 2024 | 3 replies
With gutters, the water shouldn't get too close to the house unless there are strong winds, the land is incorrectly graded or the downspouts are too close to the house.
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31 July 2024 | 7 replies
Again, with a good agent, it's not too bad, and it was a great decision in my case.
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29 July 2024 | 1 reply
Accept their decision.
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29 July 2024 | 10 replies
---We've seen so MANY investors do incorrect analysis, not understand the asset class they bought, etc. - then they lose thousands:(Here's some useful food for thought (copy & paste):.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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29 July 2024 | 5 replies
Make your expectations clear and simple.Two clauses I really like after having issues with couples breaking up or singles disappearing:In the event that Tenants decide they no longer want to live together, ___________ will be considered the primary Tenant to make decisions about modifying or terminating tenancy.
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29 July 2024 | 0 replies
Accurate valuation is crucial for both buyers and sellers to achieve optimal results.To make informed decisions, we must closely analyze market trends.
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30 July 2024 | 8 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
29 July 2024 | 7 replies
Pros and cons to both but this drives the decision and recommendation.