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11 April 2024 | 0 replies
From favorable lending rates to tax benefits for homeowners, these policies are designed to encourage buying and selling activities.
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11 April 2024 | 6 replies
Managing multiple properties does come with its own set of challenges, like juggling different maintenance issues, taxes, and possibly even varying market conditions if they're not all in the same area.Here's where your financial goals come into play: Are you looking for a more hands-on investment with potentially higher cash flow from the get-go?
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11 April 2024 | 6 replies
My tax records aren't showing a zoning and neither is my MLS Advantage.
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11 April 2024 | 5 replies
Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low.
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10 April 2024 | 2 replies
This week (jobs week), markets have been volatile.Negative news (tending to make bond prices fall; bond yields and mortgage rates rise):A stronger than expected employment report from ADP, including an apparent reacceleration in wage growth for job changers.Commentary from Fed members Raphael Bostic, Loretta Mester, and Neel Kashkari suggesting that there was “no rush” to cut rates unless unemployment rates began to spike.Positive news (tending to make bond prices rise; bond yields and mortgage rates fall):Fed Chairman Jerome Powell saying that — despite the recent “bump” in inflation — rate cuts were still likely this year.Weekly jobless claims came out at 221,000 for the week ending March 30, a bit higher than expectations.As always, everything could change today (Friday) with the release of the BLS jobs report for February.
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11 April 2024 | 6 replies
It sounds like you need to consult with Eviction attorney, CPA/ Tax professional, Great Realtor and Lender for this.
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9 April 2024 | 6 replies
It was a pretty small claim for wind damage to the privacy fencing around the property.
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12 April 2024 | 13 replies
They ended up losing a property worth around 1.5 million for back taxes of 25k.
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9 April 2024 | 5 replies
3) Any other differences in property taxes, tenant laws (I will be doing my due diligence here thoroughly as well), and investment sentiment between the two regions?
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10 April 2024 | 5 replies
Rent: $4,250/ moMonthly expenses (including management): -$600Monthly Mortgage/ taxes/ insurance etc: -$2,550thanks