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3 April 2020 | 2 replies
Not a FL expert but based on what I know from here, you can still issue notices but you just can't do evictions during the moratorium.
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12 April 2020 | 76 replies
Yes, it makes me annoyed that they obtain a large chunk of money that was potentially mine and of course I wonder how to avoid that, but at the end of the day it is what it is and all is fair and well.Also, on a personal note, realtors are experts in manners, and I tend to be the bull in the china shop sometimes - lol - I'm not everyone's cup of tea.I might add some more but everyone else already nailed it.
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14 April 2020 | 4 replies
Great to have a guaranteed rent payment coming in with the covid 19 economic concerns.
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4 April 2020 | 7 replies
Especially now, in the new economic climate.There're also some other, very complex and expensive ways to deal with capital gain taxes involving special trusts.
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7 April 2020 | 5 replies
Right now we're dealing with virus uncertainty, but in the next 3-6 months we are dealing with economic unemployment and quite a few businesses won't make it out to the other end so keep looking at new, creative methods of financing.
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4 April 2020 | 6 replies
But if rental interest is tax deductible and HELOC isn't, then mortgage wins.So basically uncle Sam is preventing me from doing what's best for me economically.
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4 April 2020 | 3 replies
I did a quick google search on how much it costs to rehab a house and saw this I'm no expert by any means, but just trying to help out!
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4 April 2020 | 2 replies
(And please don't take the seller's word on whether rent has come in or will come in.)Second, I'm strongly recommending that people discount any current rents by 10-15% when analyzing properties, and base their purchase prices accordingly (and as an investor, your purchase price should absolutely be based on income and expenses and not just what other similar properties have sold for).The reason for this is, rents have gone up and up and up for years, and sooner or later they were bound to start coming down again, just by virtue of the fact that there really isn't a lot of new economic activity or job growth in RI so there's bound to be a limit.
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12 April 2020 | 13 replies
But, some times it's just not economical to do that if they're charging a fortune for transfer and renewals.
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14 April 2020 | 28 replies
If there are potential issues, you’ll have time to call in an expert (i.e. electrician or roofer) to provide an estimate on repairs.