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17 July 2018 | 17 replies
It was specifically to help a CA investor make an informed choice about investing and highlight the potential tax consequences of his decision.
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6 September 2020 | 8 replies
Well worth reading over at least once with a highlighter prior to diving into a market, and certainly prior to putting no together any leases.
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7 September 2018 | 2 replies
No need to highlight that I never should have signed--I am aware and there is a HUGE back story as to why I did that is not significant to the question at hand.Due to frequent flooding, we were planning to have an overhead sewer line installed, as well as a sump pit for the basement plumbing, an ejector pit for the upstairs/exterior water that was leading to the flooding, and tying in the downspouts to the mainline at the front exterior of the house underground.The project, which was estimated to last about 15-20 days, took more like 10-11 full days.
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17 September 2018 | 2 replies
pid=1563Houston Real Estate Highlights in August(* asterisk denotes that the “Harvey effect” has been removed): Single-family home sales rose 7.6 percent year-over-year, with 5,844 units sold*;Days on Market (DOM) for single-family homes declined slightly to 49 days;Total property sales jumped 36.8 percent, with 9,978 units sold;Total dollar volume increased 40.1 percent to $2.86 billion;The single-family home median price rose 3.0 percent to $236,870, reaching an August high;The single-family home average price also achieved an August record, rising 1.9 percent to $300,670;Single-family homes months of inventory was at a 4.1-months supply, down from 4.3 months last August and equal to the national level;Townhome/condominium sales rose 12.3 percent year-over-year, with 457 units sold in 2018 compared to 407 one year earlier*;Leases of single-family homes rose 7.6 percent with the average rent up 3.4 percent to $1,926*;Volume of townhome/condominium leases fell 8.6 percent with the average rent up 5.5 percent to $1,639*.
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13 September 2018 | 2 replies
Houston Real Estate Highlights in August(* asterisk denotes that the “Harvey effect” has been removed): Single-family home sales rose 7.6 percent year-over-year, with 5,844 units sold*;Days on Market (DOM) for single-family homes declined slightly to 49 days;Total property sales jumped 36.8 percent, with 9,978 units sold;Total dollar volume increased 40.1 percent to $2.86 billion;The single-family home median price rose 3.0 percent to $236,870, reaching an August high;The single-family home average price also achieved an August record, rising 1.9 percent to $300,670;Single-family homes months of inventory was at a 4.1-months supply, down from 4.3 months last August and equal to the national level;Townhome/condominium sales rose 12.3 percent year-over-year, with 457 units sold in 2018 compared to 407 one year earlier*;Leases of single-family homes rose 7.6 percent with the average rent up 3.4 percent to $1,926*;Volume of townhome/condominium leases fell 8.6 percent with the average rent up 5.5 percent to $1,639*HAR https://www.har.com/content/newsroom?
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14 September 2018 | 0 replies
To assist in finding homes for flip or rental properties.My question is, would it be legal for me to provide specialized emails (Home photos, ARVs, rehab cost estimates, profit estimates, etc) to my investors highlighting potential flip properties and then requiring that a marketing fee or finders fee is to be added to the initial purchase price of the home If they decide to flip a provided listing?
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1 November 2018 | 40 replies
Gains realized from the investment itself is tax free if held for 10 years but as someone highlighted, you must improve the property by at least 100% of your purchase price.
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24 September 2018 | 2 replies
Am I missing something or does this really just highlight that the real cashflow is found when you solve a problem with a property, i.e.- forcing equity or rehabbing altogether?
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25 September 2018 | 1 reply
We've compiled and vetted a list of duplexes (about 75) that meet all our criteria and which we'd consider being occupant-owners of.Planned next step is to send them letters stating who we are, what we're trying to do, and letting them know we'd be interested if they'd like to sell.Any experience or suggestions for how to format (handwrite vs typed, etc) and what points to highlight?
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27 August 2018 | 14 replies
@Costin I. is absolutely correct about the DOS clause and hit most of the highlights already.