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12 June 2020 | 14 replies
As for vetting buyers, many brokers screw up co-op board packages, so it's not uncommon for FSBO co-op deals to fall apart or end up with board turn downs based on things that could have been flagged early on.
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11 June 2020 | 1 reply
Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusionThe answer to your $10,000 question is it depends on if the unit is in service and what the breakdown of the $10,000 is(repair vs improvement) and if there is any safe harbor/election to currently expense the items.
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11 June 2020 | 3 replies
Since I fall in the category of the latter I fall short only 5k for this proposition.
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18 April 2020 | 6 replies
In fact, when he had space for rent, it's a fraction of rents demanded in nearby heavily trafficked commercial areas, so the demand is high.My dad like renting to office tenants, as his insurance is a fraction of renting to corner grocers, or small coffee shops, where insurance rates are higher due to foot travel, such as slips and falls.
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22 April 2020 | 2 replies
Humanity is on the brink of greatness, and all we need to do is shift our mindset for what we use all of our hard work to accomplish.If this is inappropriate for this forum, I apologize for not conveying this in a way that matters to you, but I argue that the underlying ideas can be converted into anything you put your mind to.Sorry for formatting errors from pasting from google drive.Find houses that are falling behind on repair and maintenance.Bike and walk dogs through the current neighborhood.Recently widowed homeowners are a good candidate.Find a small amount of time to donate to helping neighbors do easy projects.Use this time as an opportunity to learn what they need, what support they have, long term goals, etc.Create community events to take care of the properties that are farthest behind.Create an actual govt program to be more productive with govt owned properties.Instead of selling the property to an investor, fix the property with the specific intent of providing housing for some form of underserved population.This is the reasoning behind structuring as a non-profit.If created correctly might be a great way to scale by using other “flippers” as partners.
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26 April 2020 | 7 replies
I saw her as a victim I was helping.
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26 April 2020 | 4 replies
It'll kind of fall in line after that.
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25 April 2020 | 15 replies
I bought a property in fall of '05 that sold for a decent profit in '09.
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28 April 2020 | 16 replies
Make sure the contractor is licensed and insured otherwise if a workman falls off the roof guess who will get sued.
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10 May 2020 | 21 replies
I haven’t specifically looked in that area, but I think you’re going to be hard pressed to find that, and then all the following assumptions fall apart.