Yes, there are a lot of people who spend less than they make and have a surplus.There are others who are inheriting wealth from othersBut there is another subset that we often forget: those who have equity in their homes.Much of the equity has built up due to a runup in home values since 2020, which allows these people to use a HELOC to purchase a home for cash.When rates were low there was a group of people who were using Hard money to purchase and rehab buildings and then refinancing at the end this was the BRRR strategy.Hard Money is not an option these days since the cost of refinancing at the end of the project is too expensive.So when we see people paying cash, it is often pent-up savings and HELOC money that people use, and not as often Hard Money.

I have a long term tenant who I inherited when I purchased the property he has always called us whenever there was an issue (A/C not working, Broken window, toilet not working etc) Well last night around 8:30 pm we received a call from him that he called a plumber to remove roots from the sewer line and wants us to pay the bill. 

The contract I had inherited was very explicit and ridiculous on actions to cancel the contract. 

I.e. purchasing a property as-is, inheriting cooperative tenants who are paying below-market rent, etc.OutroOn the rise in Astoria, Queens are median rents, median sale prices and overall housing inventory.

The experience of cleaning up their "mess" has been a great learning experience for me and the inherited tenant has gone from delinquent to pre-paying her rent 3 months in advance ( I swing by there for a quarterly inspection and she gives me checks for the next 3 months).

The individual’s only interest in the reporting company is afuture interest through a right of inheritance, such as through awill providing a future interest in a company. Yes  NoNote: Once the individual inherits the interest, this exception no longer applies, and theindividual may qualify as a beneficial owner.

Hello Huy,I found this great article that might help you.https://elderlawms.com/faq/do-gifts-of-property-to-children-...Also, you might want to consider taking over the property sooner rather than later, if you take over the property now it appears that you would be avoiding Inheritance taxes. 

To manage your inherited rental properties in Virginia, it's generally best to form an LLC in Virginia, where the properties are located, to simplify legal and tax matters.

This means your children would inherit the properties at their fair market value at the time of your passing, minimizing or eliminating capital gains taxes if they decide to sell.

I inherited tenants in March 2024, who’s lease is ending in October 2024.