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13 September 2024 | 16 replies
Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.
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9 September 2024 | 49 replies
I got a call from them today seemed strange upfront fee with no listing agreement I called some bank contacts to see if Core is real.
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4 September 2024 | 7 replies
Please help me out if I could deduct the followings from the security deposit :1.
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14 September 2024 | 23 replies
I do think the seller is at risk on perceived cost however those costs aren’t real if appraised at sales price.
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12 September 2024 | 54 replies
Every state has their own laws, court procedures and legal forms pertaining to how decedent's estate are handled, including creditors and heirs.The rules vary widely, however you ought to decide if you are looking to buy the asset (real estate) from the person in charge or the interest of heir(s).Generally speaking, you'll probably want to buy the real estate, so you'll be looking to contact the person who will be able to sell it to you, typically called administrator, or if named in the will, executor, or by the generic term, personal representative.So, I suggest you ask the clerk at your probate court which document will contain the name and address of the person in charge.
12 September 2024 | 9 replies
If I allow them, they must own real estate and have impeccable credit.
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12 September 2024 | 6 replies
Real newbie here need advice!
12 September 2024 | 12 replies
If you are in a trade or business, you may potentially be able to write off costs to attend a meetup, and meals while you attend.The purpose is justified as you are trying to build connections which is required within the real estate space.The costs of the meals have to be reasonable.
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12 September 2024 | 0 replies
Hello, I am looking to expand my brokerage from Chattanooga, TN to North GA but am having some issues with Georgia Real Estate Commission.
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8 September 2024 | 101 replies
How do you handle repairs, compared with other B+ and A type real estate classes?