5 November 2024 | 5 replies
Many lenders, including Wells Fargo, may consider it a due-on-sale clause, which could lead to them demanding full repayment of the loan.
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4 November 2024 | 2 replies
Within three weeks, we managed to coordinate all aspects of the sale, including helping the seller transition her belongings into storage and securing a solid offer.This wasn’t just a transaction—it was about helping a client regain control over her life.
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6 November 2024 | 6 replies
Over time especially here in the Midwest with the expansion (summer) and contraction (winter) we get, things move including houses.
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7 November 2024 | 7 replies
To avoid any confusion, this is not the same thing as ( “home sharing”, or an “owner-occupied rental.”)Improvements generally need to be depreciated over 15 years, note I said generally, depending on the nature of the improvement and how long the IRS standard depreciation period is for the cost and size of expenses.Strategies depend on a number of things including, but not limited to: type of property, your material participation, how long you plan to hold it, your goals.
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3 November 2024 | 10 replies
Of course capex does come into play, but I have a lot of factors on my side including most major components of the property have been replaced already, including roof replaced 2 years ago, water heater replaced 3 years ago, full house was just repiped, septic system is 5 years old, HVAC system replaced in last 7 years, i do not cover appliances with warranty in my rentals, and the tenant I placed in the property is a single dude who works 60 hours a week and just needs a place to sleep.
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5 November 2024 | 6 replies
Having an open conversation about any possible contributing factors, including outdoor exposure, could help resolve the situation.
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5 November 2024 | 12 replies
Many advisors myself included do estate planning for their clients it's nuanced and complex.
5 November 2024 | 11 replies
Fellow Community: I am excited to join this platform and learn from like-minded individuals about the real estate space, especially STR, MTR, and long term including section 8.
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4 November 2024 | 12 replies
I would presume including an amenity in your title that is rare would be far easier to rank for.
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5 November 2024 | 10 replies
Always include a contingency in your rehab budget.