Account Closed
What Is the 70% Rule in House Flipping?
21 October 2024 | 4 replies
If your purchase price (always the largest expense) plus the rehab estimate (the second largest) total no more than 70% of the ARV, the remaining 30% must cover your HML charges, agent commission, property and hazard insurance, property taxes, title insurance, escrow, staging, all else, and your profit.
Kanika Jain
STR market- north Las Vegas vs San Antonio
21 October 2024 | 10 replies
With no limitations on growth, undeveloped land remains inexpensive.
Jason Frink
Legal Advice Arkansas
20 October 2024 | 4 replies
.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.A good way to visualize the order is to imagine the following scenario: Alfred dies without a Will.
Jason Frink
Legal advice around Crossett property.
21 October 2024 | 2 replies
.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.
Mariangela Ciciarelli
Str - vacation home in Orlando
23 October 2024 | 16 replies
So unlike markets like 30A and the like where prices have remained rather steady despite the returns being extremely poor at current home prices, I think we've probably already hit the bottom (or at least near it) on home values.
Haley Elisabeth
Need Advice: Design Decisions for Our Columbia, TN Flip
22 October 2024 | 5 replies
Do you think sticking with white is a safe choice, or is there another color that would add some more curb appeal while remaining neutral?
Scott Huff
Investing in overpriced markets
19 October 2024 | 4 replies
I'm never a fan of over-paying, but some markets have remained "overpriced" for decades.
Jerry N.
Any recommendations for smoking detectors?
21 October 2024 | 6 replies
Basically, I would make it very uncomfortable for the tenant to remain in the rental.
Julio Gonzalez
How AI is Impacting Real Estate Investors
22 October 2024 | 7 replies
The many bad advice on this platform are mostly in part attributed to "AI" making everyone look smart but the few true ones like you would greatly benefit from a natural conversational interface tool that refers people to you for your quality advice.I remain a cautious, optimistic skeptic but open to embracing what the future holds.
Cody Anderson
Section 1031 and 121 Hybrid
21 October 2024 | 6 replies
I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (and thus qualifies for the sec. 121 primary sales tax exemption of up to $250k for single filers) vs the time it was being rented (which qualifies for 1031 exchange) and claim both benefits. https://hcsequity.com/blog/combining-1031-exchange-with-121-....How does this work for a multi-family?