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1 October 2024 | 1 reply
I’m about to relocate to Ocean County, NJ, specifically around the Howell/Brick area, due to my fiancé’s one-year medical residency.I’m interested in investing in a single-family home or duplex that I could live in for about one to three years, ideally within a 15-mile radius of Jersey Shore and Newark Beth Israel hospitals.
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1 October 2024 | 1 reply
When it is a new development, it isn't uncommon to see someone use the date the Certificate of Occupancy was issued - perhaps that marks the "ready", but it still might not be "available".So you can certainly have a property in service in a given year, but not actually have any rental income - but certainly your facts and circumstances are much better if you can actually get a tenant in there, that (should) shore up your defense on that question ever coming up unless you are playing weird games just to get a given in service date for tax purposes.
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1 October 2024 | 1 reply
(Note that this is the typical arrangement for Airbnb rentals and other temporary rental-type properties.)Rental property used on a transient basis is depreciated over a 39-year period, not over 27.5-years as is the case with longer-term residential rental property (LTR).
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2 October 2024 | 9 replies
I'd be happy to take a call with you and have a convo with the property analyzer I have for that area, he lives in Cherry Hill NJ and knows South Jersey and those areas like Collingswood, Berlin, Voorhees, Marlton, Haddon Heights, Hamilton, and even as far south as Vineland and down to the Jersey Shore.
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2 October 2024 | 16 replies
(I use "staging" to mean temporary furniture when selling a property.)
2 October 2024 | 10 replies
Be open and ready to be contacted by insurance / temporary housing agencies.
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4 October 2024 | 13 replies
Having said that the tenant did pay for them and they were temporary and had them done by a professional and will pay to have them removed when they leave (they've been there almost 10 years at this point).If the PM told the tenant they can have the repairs done, have your person go and look at them to see if they were done properly.
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2 October 2024 | 22 replies
For example, if the loan is strictly for a business purpose (non owner occupied) or temporary financing (e.g. construction loan), referral fees are allowed.
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2 October 2024 | 25 replies
As soon as allowed by Authorities, We have several Teams going into NC, SC & TN to setup temporary shelters (TH/Fema Trailers), Food & H2O, Chainsaw Crews & Cleanup Crews, Gen Crew (electricians) & Etc..
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29 September 2024 | 6 replies
I'm at a point where I can afford almost anything I want, but I still have to consider whether it will really bring me joy or if it's just a temporary impulse for a shot of dopamine.