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16 March 2024 | 6 replies
You are better off budgeting money for maintenance and capital expenses and keeping a reserve in case issues arise faster than your budgeted money gets socked away from incoming rents.
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16 March 2024 | 4 replies
The would be buyer made ridiculous demands and essentially used a few minor issues on inspection report to terminate.
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17 March 2024 | 12 replies
I wonder if the issue is the loan is less than 100k.
16 March 2024 | 11 replies
Definitely save your battles for more expensive issues. -- Good Luck!
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16 March 2024 | 22 replies
If you have a cat that pees or sprays, understand that even if LVP is waterproof, it can seep through where planks connect or edges/trim to reach to the subfloor or slab, causing major odor issues.
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14 March 2024 | 2 replies
I am issuing her a 1099-INT, and a I have had some tell me that loan points paid should be included on the 1099-INT, and others tell me that loan points should not be included as they are not actual interest.
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15 March 2024 | 8 replies
You'll find with most lenders there will be an LTV reduction of alteast 5% for it being a short term rental and technically considered vacant .
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15 March 2024 | 1 reply
While still technically in seller’s market territory, inventory is well above extreme lows seen in recent years and has held steady for many months now.
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16 March 2024 | 8 replies
Complicating this issue is the need to do a 10-31 due to stepped up value/capital gains tax on half of the land.
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16 March 2024 | 3 replies
Probably not an issue for seller financing, but make sure there are no prepayment penalties.You can calculate payment and balloon amount easily enough with excel or google sheets.