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25 July 2024 | 20 replies
(he thought he sold too soon and he should have held onto the property and therefore deserved the equity increase.)
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22 July 2024 | 8 replies
Unfortunately, certain markets are much more difficult to evict than others.Going forward, I would try to set clear expectations with your residents, and when they violate one, they need to be held to account.
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22 July 2024 | 13 replies
They like many realize most need their hand held etc.
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21 July 2024 | 10 replies
Similar green energy investments could be considered if you can make the numbers work (credits on some types of low income housing can be north of 50%).Depending on how long these properties have been held, they could consider implementing cost segregation studies via a change in accounting method to accelerate some depreciation.The operating proceeds could be re-deployed into new properties where cost segregation is an option to accelerate depreciation to offset proceeds.If the properties are low basis and we are not maximizing the 199A deduction, maybe considering an S-Corp structure for management to be able to participate in retirement plans and also generate wages to use as a 199A base.
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21 July 2024 | 3 replies
I was made aware this weekend by one of the investors on our Facebook group that Marco Santarelli on June 18th, 2024, held a "web seminar" again soliciting investors.
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22 July 2024 | 13 replies
Seller could be awarded legal fees for the lis pendens portion of the case, which you could be held responsible for.
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19 July 2024 | 4 replies
I have a house in TX that I own subject to. I'm looking at possibly re-selling it. Are there any restrictions on re-selling it also as a subject to to a new purchaser?
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20 July 2024 | 6 replies
Then verify the lender the buyer has met all their conditions.
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20 July 2024 | 6 replies
If you have not performed rehab, you typically will need to have held the property for 6 months before borrowing based on the appraised value - otherwise, in those first 6 months you will be limited to 80% of your purchase price.
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22 July 2024 | 17 replies
Hi MikeAre your properties held in your personal name of an LLC?