James Wise
Why do people Buy Property in California
22 January 2025 | 203 replies
Now you have seismic resilient with fire preventative.
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
If you hire a PM, your financial account structure can be simpler.If you plan to continue purchasing rentals, I like some key accounts at the "management" level (income, opex, tax, owncp, reserve) and only have 1 checking account per property to prevent having 100 accounts and unnecessary complexity.
Michael Lynch
HELOC In 3rd Lien Position Question
4 January 2025 | 5 replies
I applied for a HELOC and when they ran the title it came up that the 8k grant is actually a second "soft" lien against my property that will go away after 5 years which prevents this bank from allowing me to have a HELOC.
Jasmine Thermitus
Primary to Rental Property
15 January 2025 | 15 replies
Meet other investors in your area and stay in touch with them; you can ask them questions that might prevent problems.Best to you!
Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.
Aaron Robertson
SB 721 Deadline Extended: What California Property Owners Need to Know
27 December 2024 | 2 replies
While it can feel like a hassle, these inspections help prevent bigger (and costlier) problems down the line.
Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
A few clients or properties can suck up all of our time and attention and ultimately, prevent us from taking on more business.
Chan Park
Plumbing Issue - Landlord's vs. Tenant's expense
27 January 2025 | 12 replies
I'm trying my best to prevent mold growth, so I asked tenants for their renters insurance, to which he said, "our renters was with geico and we just switched insurance providers this month and have not got a policy active yet."
Benjamin Jones
Is anyone investing in Japan?
25 January 2025 | 24 replies
Newer construction code requires better earthquake-proofing, but it's still aimed at preventing a building collapse rather than holding the value of the structure.About 15 years ago there was all the talk about "100 year homes" but I haven't seen much come of that.
John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
It is imperative that you take this action to prevent fines and legal issues.