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31 December 2024 | 14 replies
If you don't have a crazy house like a potato, a tremendous view or historical area, then choosing a pic is harder.I like the idea of the game room if that is your best feature.
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30 January 2025 | 47 replies
.: @Eric N.I totally agree, hitting home run is not as easy as watching a Youtube video :))And it's generally true for any endeavor, there is one Lebron James for thousands of wannabes.
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20 January 2025 | 19 replies
Leave the owners alone, when and if they are ready to sell, they will, and there will be plenty of lots to choose from on the MLS.I have no statistics to back this up, but in my casual observation after our fire is about 1/3 of the owners rebuilt their homes (some built similar, some duplicated exactly--big mistake, and some built better/nicer/larger homes).
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25 January 2025 | 15 replies
When most US investors are faced with the prospect of converting (lots of) USD to JPY, to buy properties in cash, that in depreciate in value (when contemplating resale) and face decreasing rents over time... you need something else to justify choosing Japan over the US.
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4 January 2025 | 26 replies
Professional photos could cost as little as $150, but you should pay more to get experience shots, golden hour, aerial, and video.
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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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30 January 2025 | 56 replies
A lot of major companies are choosing to build and develop here (Intel, Meta, Amazon, Google, etc.) so the population and job market are also growing.
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15 January 2025 | 6 replies
Whether you choose to run screening before you show the unit to them is a personal choice.
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26 January 2025 | 3 replies
This comes from several data points, the first being the average age at which people are choosing to stop renting and buy their first home.