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5 January 2025 | 2 replies
Simple things like a branded email at your domain and a website can open a lot of doors.
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24 January 2025 | 5 replies
It's important to note that you cannot include your primary residence in a 1031 exchange, as it must be held for personal use rather than investment or business purposes.However, your primary residence may qualify for the Section 121 tax exclusion if you've lived there for at least 2 of the last 5 years.
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20 January 2025 | 5 replies
You will need probably 20% of total cost (Not including financing costs. 80% LTC) as the down payment.
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11 January 2025 | 7 replies
The notice should include the date of termination and the reason for ending the agreement.
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6 February 2025 | 12 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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2 January 2025 | 29 replies
Quote from @Denise Brown-Puryearise Brown-Puryear: Quote from @Jamie Bateman: For full disclosure, I will say that I am a partner in a brand new loan servicing company that just opened its doors.
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13 January 2025 | 5 replies
They allow you to include up to 6 months of rent payments in the loan if you are unable to occupy the premises during the renovation.Just to be complete, it's also worth mentioning that both the VA and USDA have renovation loans.
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20 January 2025 | 16 replies
Quote from @Yaroslav Shtogun: Hello Community,I am seeking advice on the following real estate situation:I’m in the process of purchasing a double lot property (100x100 in an RS-50 zone) that includes a 1,200 sqft wood-frame house and a 640 sqft detached garage.
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14 January 2025 | 329 replies
It added new stipulation, including the ability for housing providers to get 100% back rent owed even for tenants that have moved out already.
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17 January 2025 | 28 replies
Yes, it's true that you might be able to find a product you need at a greater discount when a brand like Wayfair or CB2 is having a sale, but I've found that they truly do offer superior discounts at scale, even considering the fee.