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11 December 2024 | 8 replies
If the work is not 100% complete by the end of the Escrow period, may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.
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23 December 2024 | 34 replies
For instance, if I buy a house 20% down, 5% closing prep costs where the rent matches the mortgage, interest and tax and assume a 5% rent growth and appreciation, I'm expecting an 11% total return which is just not good enough for the hassle involved.
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20 December 2024 | 20 replies
If syndicator is building reserves for the first year of ownership, for instance, and not paying distributions, AND recognizes rental profit, you will have a larger tax bill that year, since you "made money" in the IRS's eyes, even though you did not receive any cashflow from your syndicator.On a more general note, a preferred return does not mean you will get that amount of cash flow each year.
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30 December 2024 | 103 replies
I have been owning and self-managing Brooklyn, NYC Properties for 28 years now.I want to start a YouTube Channel where I give weekly Podcast Discussions on the Management of the Week.For instance, I have a couple that is splitting up.
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19 December 2024 | 10 replies
In this instance the tenant questioned the other 5 and determined their rent was the only increase.
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17 December 2024 | 1 reply
Nearly two years ago, I purchased a single-family home in River Forest, USA, which required extensive renovations.
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16 December 2024 | 6 replies
For instance, states like California, Oregon, Montana, and Massachusetts have "clawback" provisions, meaning they may tax deferred gains if you eventually sell the replacement property and don't reinvest within the state.
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22 December 2024 | 23 replies
In this instance I would tell the buyers I wasn’t fixing it as long as there wasn’t some other reason to compel me to do the repairs.
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18 December 2024 | 20 replies
Maynhia Stott - be careful on OTC liens, typically those are the leftovers and many instances there is a reason they are leftovers
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14 December 2024 | 0 replies
For instance, the pre foreclosures being outdated here in KCMO...