George Hernandez
HELOC denied because of low LTV
17 November 2024 | 7 replies
well 70% of 455ks isnt much more than you currently owe at 283k the 70% of 455k is 318.5k and after closing items you might only net 20-30k tops (new loan minus current 283k - closing items = net proceeds in "hand.").So The question you should be thinking about is what are my closing items and is this enough cash to accomplish my mission/goal?
Thomas McPherson
Feds Cut Rates Again - Predictions for New Office
21 November 2024 | 7 replies
Cutting down on gov't spending and the pulling jobs back into the US should help offset some of the tariffs, but it will come down to which items exactly do get tariffs put on them and to what degree the tariffs are (10%/20%/50%).Overall, my guess is that rates will go down for early next year, rise during the middle quarter-third of the year, then fall slowly afterwards.
Vanessa Lule
Newbie in Rental Arbitrage –How do I Analyzing Profit Potential?
19 November 2024 | 14 replies
You should negotiate with the landlord that you don't mind taking care of small repair items such as tighten screws, drywall and paint repairs.
Ana Mills
Separate credit cards for each airbnb? Or is that complicated to track?
20 November 2024 | 13 replies
The most important thing is going to be staying organized with what items are purchased for which property.
Stephen Hood
Advice on selling to access equity
20 November 2024 | 6 replies
My AC unit has another 3-5 years before it’ll need to be replaced so I’m thinking this may be a clean exit before large big ticket items start needing attention in the next 5 years.
Jason Porto
Reserve Fund Contributions
18 November 2024 | 12 replies
Set Aside for Major Repairs: Most Cap Ex items have a life expectancy.
Jeff S.
Reserve Studies going bonkers
18 November 2024 | 2 replies
Since reserve studies attempt to forecast replacement costs of items over a 30 year period they are having to recalibrate since the reserves they are now using did not use the latest increase in construction costs.
Sendil Thangavelu
Tenant Eviction case--Ocala, FL
18 November 2024 | 13 replies
If they have not done those two items, there should be no reason why the courts will holdup the eviction.
Pat Arneson
Anxiety Over Rehab Costs
25 November 2024 | 23 replies
Even if you try to put a dollar amount next to each item and you don't have much experience, you won't be that far off.
Jake Hughes
Cost Segregation Study
17 November 2024 | 7 replies
A cost segregation study looks at the overall building that you purchased and breaks it down as much as possible.The purpose of this is to increase the depreciation expense.Without a cost segregation study, you are depreciating the property over two items(Building and Land).However, a cost segregation study might identify items such as fencing which might be eligible to be depreciated over 15 years instead of 27.5 years.Depending on the year that the building was placed into service, you might be able to take bonus depreciation on certain items.The follow-up question to ask your CPA is will the cost segregation study help me, and by how much?