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5 February 2025 | 9 replies
Montgomery Metropolitan Housing has a reputation of being difficult to work with and are slow to pay at times r so I have heard.One thing to keep in mind is that even with section 8, you still get to set your criteria that tenants need to qualify for your unit.
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21 January 2025 | 2 replies
I've used them for setting up real estate Trusts, but that's about it.
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7 February 2025 | 4 replies
Currently I am setting myself up to obtain my MLO.
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6 January 2025 | 5 replies
One of the major driving factors for increased premiums is the carrier's requirement for higher replacement cost limits on file for buildings.
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29 January 2025 | 1 reply
You should have money set aside for litigation.
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30 January 2025 | 5 replies
This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically. 2) You may get an insurance assessment bill to cover the CA Fair Plan losses.
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8 February 2025 | 8 replies
When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan I proposed to my husband:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.
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29 January 2025 | 17 replies
We are in 11 markets, including Huntsville and would be happy to set up a call to talk over some options.
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7 February 2025 | 5 replies
Historically used online software without much issue.Now that I'm looking at the settlement statements from 2004 and looking at a sizeable depreciation recapture hit, I came across a number of questions / issues:1) I believe in 2010 I incorrectly set my basis (I did not include the parking space and upgrades to the units - granite, flooring, etc.).