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20 January 2025 | 16 replies
However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?
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21 January 2025 | 4 replies
Budget these carefully into your overall project plan to avoid surprises.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.
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17 January 2025 | 4 replies
As I'm looking over their explanation I notice that I am being charged 8% of the rent received from CMHA. 8% from the rent the tenant pays and another 8% of the water bill which the tenant pays.
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24 February 2025 | 71 replies
I just put one for rent for $1700/mo - and received 14 inquiries in 12 hours.
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16 January 2025 | 12 replies
You may want to research the term ' Debt Financed Distribution' Which does have a tax implication for the investors receiving a distribution.
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17 January 2025 | 1 reply
IRS CP2000 Notice: Why Real Estate Investors Need to Think State & FederalQuick story that could save you thousands in tax exposure...Had an investor client who received a CP2000 notice for unreported rental income.
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19 January 2025 | 18 replies
I'd ask for vet documentation for proof pet has received all state required vaccines.
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31 January 2025 | 42 replies
When I click the link above I receive this message: "The item you’ve requested is not currently available in the U.S. store."
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7 February 2025 | 13 replies
I received a bonus of $6,000 and I thought I was rich.
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19 January 2025 | 47 replies
Meanwhile investor is receiving almost twice return from money market, and probably 3 - 4 % greater than mortgage fund.