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27 October 2024 | 23 replies
For instance, posting a home could potentially violate various laws that listing agents are trained to navigate, such as Fair Housing regulations and the recent NAR settlement.I’d recommend establishing a solid relationship with a listing agent.
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23 October 2024 | 8 replies
I know most people are using 70% X ARV - Repairs but how low should I go below that when presenting offers to say banks for instance.
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22 October 2024 | 4 replies
first thing one should do is figure out if they quality the 2 in 5 tax treatment and if the home has appreciated a ton like 250 to 500k which is very common in coastal markets and Denver for instance.. selling would be far smarter than renting. pocket the tax free and find another rental. turning it into a rental you lose that one time tax treatment which in my mind is the very best for real estate.
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21 October 2024 | 4 replies
I am a licensed GC in WA state and I am required to maintain a $30,000 bond which is for instances just like this.
21 October 2024 | 4 replies
Furthermore, this rule may be disregarded as investors become more creative.For instance, if investors intend to buy and make a long-term hold play, betting on appreciation, they may be able to afford to pay more.
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23 October 2024 | 13 replies
For instance, in New York State, it's not permitted to collect last month's rent, additional security deposits beyond one month's rent, or pet deposits.Regarding the carpet issue, even tenants without pets can sometimes leave carpets in less-than-ideal condition after a couple of years.
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22 October 2024 | 14 replies
For instance, if you are buying a commercial building, it may be more beneficial to work with a community bank.
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21 October 2024 | 3 replies
For instance, foreign real estate depreciation is generally spread over 40 years, which differs from the faster schedules used in the U.S., and the ability to offset W-2 income may have limitations due to the passive activity loss rules.
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20 October 2024 | 3 replies
For instance if it's $5000 in furniture and you are netting $500 a month then it's 10 months before your buyer sees any actual income.
24 October 2024 | 18 replies
For instance, it is impermissible for a lease to mandate tenants to cover the landlord's attorney’s fees in legal proceedings.