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11 March 2024 | 3 replies
Short answer: no, not a direct offset.Longer answer: if you already have enough itemized deductions to exceed the standard deduction, then yes.
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13 March 2024 | 4 replies
I have a listing for one that I think could be converted into a duplex plus a small mobile home park, but I don't know the clearance for services and the dwellings required in Texas.
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13 March 2024 | 1 reply
Notably, 9% sold for at least $10,000 over asking, and 3.1% sold for at least $25,000 over asking.The sale-to-list price ratio declined to 97.6%, down from 97.7% the previous month.If you want to dive deeper into the numbers around a specific home or have any questions I'm always happy to nerd out
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14 March 2024 | 13 replies
For this reason, I recommend you identify the market first, then list your current properties for sale so you have a little more time to find a new property to purchase.
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13 March 2024 | 5 replies
The exchanger can name more than three replacements but the total value of the list will still be less than 200% of the net sale's price of the old property.2. they are already under contract for their replacements so that they close on all of their replacements during the 45 day identification period.
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13 March 2024 | 6 replies
Sometimes it’s the hard money lender sometimes it could be someone elsePlease also note most hard money lenders also can seek a deficiency judgment which is the balance owed on the loan after it is sold at saleIf you are a borrower you can also work out a deed in lieu which is when you give it to them without going through this processWe recently received $200M in these types of defaulted loans to bid on, so we are starting to see and uptick in defaults.Memphis area had over 50 on the list.
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11 March 2024 | 3 replies
There is not a single item of hers that has been moved into the house.My question is this, do I need to give a certain amount of notice to terminate the lease?
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13 March 2024 | 11 replies
Hey Zeona, I just listed one of my houses (a 2/2) on furnished finder and started looking into the Facebook groups for traveling professionals.
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11 March 2024 | 7 replies
I would be careful forming a specific list per se.... things will happen that are not normal "wear and tear" that the tenant should be responsible for and if its not on the "list" you are stuck... the list will need to continue to evolve.Keeping it relatively vague keeps your option open.
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13 March 2024 | 2 replies
Given our financial constraints at the time, we couldn't afford such a high sum for limited coverage.I'm told that the lapse in coverage for the few months between being dropped by our previous insurer and attempting to get a landlord/investment property policy will make if VERY difficult to get a policy.I'm not sure that my agent really has much experience in insuring investment properties/rental properties.I reached out to Arcana (now MSI, and they forwarded my a list of agents/reps that could work with me.My question is: Are there any other places I should be looking to obtain coverage?