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22 October 2024 | 12 replies
Here are some examples of those methods below: Rely on the county tax assessor’s allocation: A taxpayer can review their county tax assessor’s property allocation, which usually provides an assessment of land and improvements based on the county’s guidelines.
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24 October 2024 | 20 replies
This waiting period helps ensure that the loan meets their guidelines and reduces risk for the lender.
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25 October 2024 | 33 replies
Although they HAVE to sell are desperate to sell, NEED to sell, they are NOT motivated.They rather pour concrete down the drain, destroy the cabinets then sell to you... at market value, let alone at a discount.So, once you truly and fully understand this, think about it.
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29 October 2024 | 24 replies
If your lender is only working with a "list of qualified contractors" thats against the 203k guidelines and a huge red flag.
21 October 2024 | 4 replies
For example, if an investor wants to rehab a house and net at least $18,000 after accounting for factors such as holding costs, closing costs, and real estate agent commissions, other models are a viable alternative to the 70% “rule.”Is the 70% Rule a Good Guideline?
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20 October 2024 | 7 replies
Here is the link to the HUD booklet for the fair housing guidelines.
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22 October 2024 | 6 replies
You are experiencing what pretty much every flipper is experiencing. and let me start with that the 70% rule is only a guideline, and in a market like Denver, it will rarely happen.
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22 October 2024 | 14 replies
Some states do have special guidelines or customs that differ from state to state, but this is a minority of situations.
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22 October 2024 | 8 replies
@Marlie EvansMy firm’s managing partner works hand in hand with the IRS’ head of Depreciation if you would like to know the guidelines on the matter.
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21 October 2024 | 14 replies
Just throwing a ping pong table on a concrete slab in the garage is marginal.I had an STR buyer in Conifer, in the mountains outside of Denver, turn a massive unfinished walk-in closet into a little arcade area with two comfy lounge chairs and two vintage arcade games.