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6 May 2020 | 4 replies
It's not that I'm opposed to the long distance reno, though I just figured it would take loads of contractors to do so and at some point it just doesn't become cost effective.
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12 April 2020 | 4 replies
If I understand correctly and she has been reimbursed after purchase then the split would be based on the ownership split of 60/40.The cleanest way, but maybe least cost effective, would be to sell all the tools and when done, money is easy to split down to the penny.
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12 April 2020 | 16 replies
I seriously don’t think cold calling a list for wholesaling is effective enough for it to be worth it.
12 April 2020 | 7 replies
You better have a good understanding of what the effect of the docs are.
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5 May 2020 | 7 replies
I don't think I should count the missed principal payments as cash flow because that is in effect reducing my equity in my property, but what about the interest I would not be paying for those two months?
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9 May 2020 | 36 replies
First, you sure have thought out some options...and finding the most cost effective solution is always best.
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13 April 2020 | 5 replies
If these are in mint condition... the electrical will no longer meet code, and I recommend re-wiring.The plumbing is a toss up, sometimes we scope lines and they are clean as a whistle; sometimes we scope lines and a 4" pipe has an effective inner diameter of 1/4"... just depends.
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14 April 2020 | 6 replies
Prices could also plummet in a few months when many are still not back at work and we have more fully realized the full effect this event has had on our nation's GDP.
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27 April 2020 | 9 replies
Help for Airbnb and Vacation Rental OwnersWhile long-term effects on the short-term rental industry are debatable, here are some things you can do right now:Reduce your vacancy rates as much as possible by offering discounts and being more flexible during this timeCut your expenses by eliminating welcome gifts, reducing amenities and subscriptions or applying for mortgage deferral programs, as discussed aboveIf you’re an Airbnb host, apply for cancellation reimbursement under the $250 million Host Relief Fund available for qualifying cancellations (up to 25% reimbursement of what you would normally receive from a canceled booking)Consider turning your short-term rental property into a long-term rental, at least for now, as the traditional rental market is not expected to be impacted as severely as the short-term rental market Additional ReadingResources for Property Owners and Agents from the National Association of Realtors is a great list of general recommendations and resourcesList of Relief Programs Offered by US Banks, published by the American Bankers Association, is a comprehensive list of specific measures banks across the US are taking to help borrowers in needCOVID-19 Tax Resources Center by the Drucker Scaccetti tax services firmLegal Guide for Landlords by Julie Anderson, written for the Mid-America Association of Real Estate Investors, provides general legal guidance and advice for real estate investors Please let me know if I missed anything, or if there is any inaccurate information, so I can correct it.
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14 April 2020 | 5 replies
Which website or service do you find to be most effective?