
15 September 2024 | 11 replies
Well, the reasons given generally fall into two categories - either tax benefits through an “installment” sale or obtaining an interest rate on their capital greater than what banks are paying.In my 45+ years doing real estate deals, I’ve found maybe once that the tax argument was considered by a seller; further the “greater than bank rate” argument is completely irrelevant because - the proceeds of a property sale were never going into a bank account, at least not most of the proceeds.

18 September 2024 | 8 replies
If you sell with a "mold problem" I think you will lose more than the cost of a mitigation from the psychological impact the fear can have on a buyer.

19 September 2024 | 10 replies
Don't be tempted by overmotivation to bite off more than you can chew with baby teeth.

18 September 2024 | 5 replies
The previous owner rehabbed the property so other than turning over tenants nothing major needed so far (fingers crossed) What was the outcome?

18 September 2024 | 5 replies
(Some markets have higher appreciation than others.

19 September 2024 | 6 replies
If you find a problem, deal with it immediately by making the tenant correct it within X days (and verify with another inspection) or remove them from the property.Most DIY landlords lose more money to simple mistakes than it would cost them to hire a professional property manager.

16 September 2024 | 2 replies
They usually keep 30% - 40% of what is collected.

13 September 2024 | 10 replies
So if I don't wipe their debt I will be down about another couple grand over the next 12 months.

18 September 2024 | 3 replies
I recently purchased a rental property and discovered it needs more extensive repairs than I originally anticipated.

17 September 2024 | 14 replies
Factors include: location, amenities, rental potential versus price, per stay and annual fees associated with renting in the HOA, and lastly a subjective measure of overall expected guest experience.Disclaimer: Rankings and subjective comparisons between HOAs are not meant to discredit or heighten one HOA being better than another.