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14 January 2025 | 28 replies
I've asked my clients a similar question and have developed tools for them to minimize this, but I find there are a few different types of clients.Manager managed - these folks have no issues as they simply upload their year end statement from their property manager, their 1098 mortgage statement and any other one-off expenses they may have paid for outside of the management company.
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3 January 2025 | 7 replies
When considering refinancing, also factor in the closing costs of the new mortgage to determine if it actually helps you.
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13 January 2025 | 15 replies
I'd also want to know the average loan amount to determine how many more loans are needed to go from today to $5m/month.
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6 January 2025 | 7 replies
Skills or qualities in no particular order: Communication, patience, empathy, listening ear, backbone, resilience, determination, organization, work ethic, lead a team, thick skin, time management, trusts their instinct, and all-around good ethics!
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1 January 2025 | 4 replies
The value of the property and how it’s distributed relative to ownership stakes will determine whether it counts as a taxable event, I believe(I’m not a CPA or attorney).
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31 December 2024 | 3 replies
This also allows for property owners to more easily write-off assets that get damaged/destroyed as the value of these assets is determined as part of the study.
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31 December 2024 | 0 replies
The Detailed Engineering Cost Estimate Approach is typically used for the purchase of used property.SURVEY OR LETTER APPROACHOnce a site inspection has been completed and all components of a property have been determined, your specialist will send a survey or letter to the contractors or subcontractors to request they provide the cost of each of the items.
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6 January 2025 | 9 replies
Hawaiian real estate law differs from other western states significantly, mostly due to its monarchal heritage and the Bishop Trust influence.The basics are the same as would be in California; determine the condition of title ownership (individual(s), estate (including conservatorship, if appropriate) OR fiduciary acting for trust.Use a qualified private money equity lender to make a loan sufficient to buy out the cash-only beneficiaryThe legal community in HI and Big Island in particular is small.
31 December 2024 | 10 replies
My goal of refinancing was simply lowering our monthly spending to reallocate towards future investments.
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11 January 2025 | 9 replies
There’s simply less demand for them compared to larger properties.