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23 February 2024 | 14 replies
I have a portfolio of under 10 properties.In their services performed, my CPA wrote: "Preparation of 2016 federal and state individual income tax returns, including organization and analysis of transactions.
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22 February 2024 | 7 replies
.- Property now rented for $1000 per mth- Current Value Estimates: Redfin - $114K, Trulia - $113K, Zillow: $113K; still doing research on comps because the area is hit and miss so last I saw was a projected $100K***************************************************************************************************************************- Navy Federal Credit Union say they can do 65% of original purchase price in cash out refinance - $34K- Hard-money lender offered $30K at 9.9% for 6 months as rehab loan, which I'd use to replace roof, windows, doors, and cutdown at few trees; then cashout refi for 50% of the appraised value between 6 and 9 % depending on personal credit.
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23 February 2024 | 1 reply
Someone who works out of state with fire and government jobs but maintains permanent residency in home state with intent to return on taxes, license, etc.
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23 February 2024 | 2 replies
After being in business for over 10 years and having rental properties, I'm always dealing with these kinds of situations (contractors, employees, customers, government, etc).
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22 February 2024 | 1 reply
In this post, I will briefly discuss the unique supply and demand situation in Las Vegas.SupplyLas Vegas is unique in that it is a tiny island of privately owned land in an ocean of federal land.
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23 February 2024 | 26 replies
Some people have had success purchasing a house as a residence utilizing one of the Government sponsored or Fannie Mae sponsored low down payment program and lived in the house for the prescribed minimum amount of time at which point they moved out and kept it as a rental.
22 February 2024 | 7 replies
I’ve already done a few projects and I would love to shift my focus to these types of government subsidized installations.The problem I’m seing is that since units run on electricity, the tennants will be responsible for their own heating costs.
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24 February 2024 | 22 replies
There are a lot of facts about your situation that are missing from your story that are needed to make an informed opinion, therefore, I believe it's not reasonable to expect to receive any actionable advice on BP.Since you also write you're in your 70's, I suggest you look for an attorney, or a recommendation from a federal, state, local agency or private interest group (AARP comes to mind) for an attorney who specializes in elder abuse cases.Good luck.
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22 February 2024 | 0 replies
Inching closer to the 7% mark, the 30-year fixed-rate mortgage has climbed to 6.90%, up from 6.77% last week and notably higher than the 6.50% recorded a year ago, according to Freddie Mac data.After a period of smaller rate movements offering some relief to homebuyers, recent signals from the Federal Reserve hinting at delayed rate cuts have sparked an upward trend.Sam Khater, Chief Economist at Freddie Mac, emphasizes that strong economic and inflation data are driving this shift.
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22 February 2024 | 12 replies
Went for a hike last week with an investor who sold off all of his properties and invested it all into multifamily syndications and said he’s getting 3x more monthly than his pension from federal law enforcement.