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10 February 2025 | 62 replies
You'll likely have to have your name on title for six months before you can refinance the property.This way, your spouse can pick and choose the type of finishes that your spouse would like and then when you're done finishing the rehab in six months you can get the home refinanced and pay your family member or friend a couple thousand dollars for their willingness to be on the loan.
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18 January 2025 | 1 reply
There are more listings to choose from now than any other time in nearly a decade.
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17 January 2025 | 35 replies
I know this is an old thread.I'd like to get a more recent opinion of these apps.I think the DFD options is very interesting.What we want to do is endorse one of these for our Real Estate Club in Greenville, SC and have a contest for our members to see who can find the most deals with the software.Maybe try and get a rep from the company we choose to come and speak at one of our in person meeting and also negotiate a longer trial window if possible for our members.
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21 January 2025 | 27 replies
If I were a decent renter shopping in that neighborhood, I would choose that brick building over yours every time.
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14 January 2025 | 9 replies
It’s all about what will draw guests in and make them choose your listing over others.2️⃣ Standout Amenities: Rentals that offer something extra, like a hot tub, game room, or eye-catching design, often attract more bookings and higher rates.
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22 January 2025 | 22 replies
The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!
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23 February 2025 | 27 replies
You start with a base line and introduce variables to determine their effect.You can see what trends have happened if you choose to, that may be of interest to you, but that isn't what currently interests me.
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19 January 2025 | 17 replies
Choosing landlord software is often about what kinds of features you need.
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13 January 2025 | 11 replies
If they don't contact us within 10 days, we can change the locks and take possession.And, of course, if you choose you can file for collections on them.