18 February 2025 | 5 replies
@Natalie Kolodij is 100% correct.
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25 February 2025 | 11 replies
With any kind of lease violation, the severity of the issue, documentation, objective criteria for correcting the issue etc all play into whether an eviction will succeed.Given that, for any lease violation, beyond what you have already done which is great!
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25 February 2025 | 3 replies
So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.
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19 February 2025 | 5 replies
Asking in the correct forum will get a better response.Read the RULES!
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25 February 2025 | 6 replies
Verify that the info of that landlord is correct through property records.
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5 February 2025 | 1 reply
If a tenant is breaking clauses in your lease at minimum I would have stated that in the letter, given ___ days to make the correction, or plan to move out of my property at ___ date.
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25 February 2025 | 9 replies
@Robin Cornacchio correct, there is no such thing as capital gain taxes for an IRA.
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13 February 2025 | 1 reply
You will want to make sure you are covered correctly!
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24 February 2025 | 9 replies
In this case, correct, 1031 exchange is not available. 1031 exchange is property for property, and an interest in a partnership normally is not (with a few rare exceptions, so you may want someone knowledgeable to give you a second opinion for your particular situation, which requires reading your inheritance documents.)Whether or not you have any mitigation strategies totally depends on your specific situation and requires a one-on-one.
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21 February 2025 | 10 replies
I promise you will have options once you finish renovating.If you purchased correctly (location & purchase price), you will have enough equity so that you can either sell it for tax free capital gains, cash out refinance (if mortgage rates are lower), or pull a HELOC to acquire your next property!