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14 November 2024 | 8 replies
Just as the tenant won’t voluntarily move out before lease termination because I found a tenant willing to pay more, I won’t suffer a monetary loss because they can’t or won’t fulfill their contractural obligation.
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14 November 2024 | 10 replies
Note this election MUST be made in the year of the dispositions.2) 1031 - There's usually no tax on gains or losses when swapping property for similar property.
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15 November 2024 | 13 replies
. $550 / mth * 8 unit = $4,400 * 12 mths = $ 52,800 GRI ****not $53,800****The formula for CAP = NOI/PriceNOI = [GRI - V&C loss + OI] - EXP *****You did not subtract for expenses to arrive at NOI nor include a vacancy and collection factor****Assuming expenses are 50% and 100% occupancy (which 100% occ is not realistic all the time).
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7 November 2024 | 21 replies
It is a little lower than I expected but I will be able to sell these off, however, it may be at a loss and is less than what I had mortgaged on these houses so I would probably need to come up with cash at closing, which is not ideal.
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12 November 2024 | 2 replies
The two additional units will be detached from the existing structure so there will be no interruptions from that standpoint.I have agreed to a temporary rent reduction at the tenant's request to compensate for the inconvenience and loss of the backyard during construction.
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13 November 2024 | 14 replies
You as the host take the risk in loss income by not adding extra rooms.
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14 November 2024 | 25 replies
Due to recent security frauds and banks not covering losses adequately, apps like Zelle may not currently be the best option.
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11 November 2024 | 2 replies
In many cases the mortgage company writes off the loss or goes after borrower depending on if they have other assets - if they do then they are gonna be coming after the owner
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13 November 2024 | 8 replies
If it takes 6 months to a year to build, that's tons of loss opportunity costs and carrying costs spent. 3.
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11 November 2024 | 6 replies
The benefit of the LLC is that it can help you avoid losses spilling over from one property to another or your personal finances.