Sharon Tzib
Houston Housing Stats January, 2024
15 February 2024 | 0 replies
https://www.har.com/content/department/mlsHouston Real Estate Highlights in January, 2024:-Single-family home sales rose 9.0 percent year-over-year, the second increase in two years;-Days on Market (DOM) for single-family homes went from 60 to 58 days;-Total property sales rose 6.9 percent with 6,098 units sold;-Total dollar volume was up 11.9 percent to $2.3 billion;-The single-family median price rose 2.1 percent to $320,500;-The single-family average price rose 2.7 percent to $391,080, the first time that figure has been below $400,000 since last February; -Single-family home months of inventory registered a 3.3-months supply, up from 2.6 months a year earlier;-Townhome/condominium sales continue the declines that prevailed all through 2023, falling 4.0 percent, with the median price up 14.1 percent to $223,000 and the average price up 7.0 percent to $247,437.
Alan Hon
What if BRRR stood for Build, Refinance, Rent and Repeat
15 February 2024 | 5 replies
I thought my average profit of 30k per house was good but when you consider that lending favor building over flipping and how easy the money is to get to build vs flip the logic is undeniable.I've now spent the last year and a half selecting the designs, building relationships with the right GC, lenders and suppliers and am ready to start building some houses.Who's in?
David Lopez
My Cpa Retired in 2021 and i am doing my own taxes
16 February 2024 | 16 replies
Didn't charge me anything.That caused me to get a local CPA to take a look at my taxes in real estate, my IT business, and he asked for the returns I submitted the last few years when I did it myself when my former CPA quit and switched fields.
Drew Gelinas
Renting Property to Insurance Agencies
16 February 2024 | 11 replies
I had a few cancellations last summer and I didn't rebook all of that time because my guests are extended families and need more lead time to coordinate vacations.
Jad Alomari
Section 8 landlords… help.
15 February 2024 | 3 replies
A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.
Harris Vuadens
How to structure partnership?
15 February 2024 | 4 replies
Last individual is a retiree who has money to invest but wants to be a silent partner.
Jim Doyle
Buying Off Market - Ran into a Roadblock - Path Forward??
15 February 2024 | 2 replies
Looking to purchase an off-market home in my neighborhood and ran into a hurdle that I might not be able to overcome...For context my elderly neighbor who I've been friends with for the last couple of years recently passed away.
Douglas T.
How far back can I claim a deduction for repairs?
15 February 2024 | 4 replies
For the last 2 or 3 (maybe 4) years, I've had a special assessment tacked onto my monthly HOA for a building repair (boiler replacement I think).
Josh Kelly
Next steps for analyzing specific properties in the poconos for STR?
15 February 2024 | 12 replies
Looks like John Bianchi's method of analysis is very very similar, which I learned last night.
Curtis Mears
Does the new 2022 CPSC Ruling Require landlords to install cordless blinds?
15 February 2024 | 3 replies
I was in Home Depot buying custom blinds for my home last week and learned you can still order corded blinds if you want.