
22 July 2024 | 6 replies
We used to do a video of the MoveIn Checklist a tenant filled out - with them in the video pointing out all the issues.We did this to have "irrefutable" evidence of any tenant-caused damages, to charge them.It usually worked, but we did have a judge or two disagree with us or not allow us to play our video in court:(Point is, if you have great documentation you can charge the tenant for damages they cause.

19 July 2024 | 17 replies
Also taxes are due by July 1st to avoid penalties.Ofcourse title company is playing the game they are not responsible.

22 July 2024 | 22 replies
This is how the California Real Estate Commission gets involved in fractionalized mortgage note offerings in the state of California and gets it authority to require that anyone selling fractionalized interests in California be licensed as a California real estate broker. 4.

19 July 2024 | 5 replies
So even though property values may have skyrocketed, the taxing authorities aren't able to jump the taxes as much because of the limits the grandfathering puts in place.BUT... as soon as you buy a new home, or transfer it to a new entity (think LLC)... all that grandfathering goes away, and the taxing authority will bring you up to that new Just Market Value".
22 July 2024 | 13 replies
Basically saying the seller would pay a commission of XX percent based on the agreed total amount of an executed purchase and sale agreement.This way the seller does not play games with commissions.

20 July 2024 | 7 replies
You might talk with a real estate/estate attorney and see if it's possible to open a probate, have a Personal Representative appointed and obtain an order from the court authorizing the sale of the property by the PR with the proceeds being deposited into the registry of the court for later distribution when all the heirs are identified.

21 July 2024 | 17 replies
That ship has already sailed, but all of the stuff we do is within 10 min of downtown...lots of gentrification, and even though that's not our play (we're all about cash flow), there's lots of potential upside for appreciation.

20 July 2024 | 3 replies
In either case, The Person would now own 20% of the asset and the LLC would own 80%.I've had authorities (not the IRS - that's my last resort) tell me both.

21 July 2024 | 64 replies
Don't play with senior money like a junior.

20 July 2024 | 4 replies
Right now with the feasibility study We're anticipating about $4,000 for the SFH and $2,200/mo/unit on the ADUs, totaling about $10,600/mo in rent revenue so the initial rents look great.However, I don't know how the loan will play out.