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11 December 2024 | 5 replies
We (the buyers) notified our agent that the property must also be move-in-ready.We received images of the interior and exterior which showed the property in move-in ready condition/what appeared to be minimal to no deferred maintenance issues, the listing said "property inmove-in condition/turn-key".
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12 December 2024 | 4 replies
This is an issue in Reno, NV with many multifamily properties where an older owner has not raised the rent in years and their selling agent thinks the property is worth market value, it's not and there is usually lots of deferred maintenance.
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13 December 2024 | 6 replies
The gist of it is that when you dispose of your entire interest in a passive activity in a fully taxable (as opposed to a tax-deferred) transaction to a non-related party, i.e., selling a non-grouped rental property in a taxable sale to a non-related party, both current and suspended passive activity losses generated by that activity can be deducted.
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14 December 2024 | 101 replies
Also they didn't allowed me to take the picture of the presenter which I already had.
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16 December 2024 | 4 replies
I have a little hard time estimating a fair market value given these conditions as I don't know how much to discount the value of the house with these issues presented.
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9 December 2024 | 1 reply
@Ali Mol In a lease-to-own agreement, the $1,666 monthly credit should be treated as a liability (deferred credit) rather than rental income, as it is allocated toward the purchase price.
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13 December 2024 | 7 replies
If you do a 1031 exchange, you can defer both the capital gains tax and the depreciation recapture, which is a nice benefit.
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14 December 2024 | 6 replies
Face the fear--get yourself in front of more sellers.Little by little, your presentations will become more comfortable, and your success rate will increase.
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11 December 2024 | 1 reply
●Property Presentation.
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19 December 2024 | 22 replies
One thing people haven't mentioned is look for your own ad on the key rental syndicated sites and see if it presents well.