Tim Holt
House Hacking in Rhode Island
10 December 2024 | 6 replies
Make sure the property meets the 1% rule or close to it (monthly rents = 1% of purchase price) to ensure it cash flows after you move out.Yes, interets rates are higher than they were a couple of years ago, but rents have also increased significantly in many markets, including yours.
Veronica Morss
Lead Cert & Rental Registration: Has anyone been able to rent out prior to obtaining?
5 December 2024 | 4 replies
Has anyone also finished a project since the new rules came to place but placed a tenant meanwhile before they had these?
Elisha Johnston
Cleveland and/or Columbus area
7 December 2024 | 33 replies
Here in Columbus, we're still seeing deals here that hit the 1% rule with positive cash flow and lots of potential for appreciation.
Rajagopalarao Paidi
How to avoid or minimize Agent costs
10 December 2024 | 17 replies
Flat fee buyer agency is new but growing quickly since the August 2024 agent compensation rule changes/lawsuit settlement.
Dwight M.
I bet you've never heard this one before...
5 December 2024 | 1 reply
You should talk with one that understands real estate rules and another that understands special needs trust and SSI rules.
Spencer Manning
Section 8 (HCV): Do government funds ever run out? And other questions.
13 December 2024 | 5 replies
Not every state or city mandates that any landlord has to accept Section 8, because the landlord has to not only subject their property to Section 8 inspections, rules and regulations, they also often have to separately arrange for the tenant to pay the non-covered part of the rent and can face difficulty evicting just based on that.
Marcus Welson
1031 exchange identification deadline extension
9 December 2024 | 2 replies
SPECIAL RULES FOR SECTION 1031 LIKE-KIND EXCHANGE TRANSACTIONS, page 135 states:". 01 Taxpayers are provided the relief described in this section if an IRS News Release or other guidance provides relief for acts listed in this revenue procedure (unless the news release or other guidance specifies otherwise)..02(1) The last day of a 45-day identification period set forth in § 1.1031(k)-1(b)(2)(i) of the Income Tax Regulations, the last day of a 180-day exchange period set forth in § 1.1031(k)-1(b)(2)(ii), and the last day of a period set forth in section 4.02(3) through (6) of Rev.
John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
The court could also rule that the defendant needs to remove the assets from the trust and make them available for forfeiture.
Sham Haile
Notice required for a landlord to give to tenants when selling off-market (WHOLESALE)
7 December 2024 | 2 replies
Not following the requirements (within Seattle city limits will likely have additional rules and regulations) opens the seller up to liability.Additionally, the seller always has the option of offering "cash for keys" arrangement but be sure that no funds change hands until after the property is vacated and locks are changed.John
Bryan Cavellier
Is it possible to 1031 Exchange in Different States?
5 December 2024 | 10 replies
@Bryan Cavellier While you certainly can do that, there are different state rules and laws to be aware of.