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6 October 2024 | 15 replies
I tried calling several PMs to request service and got no callback’s except for 2 (out of 8).That ratio kinda put a bit of fear in me.For the good PMs out there, please keep doing what you’re doing.
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2 October 2024 | 8 replies
Hmmm...the land was vacant (except has lots of illegally dumped trash on it).
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3 October 2024 | 3 replies
There is no one living in the 32 units but the other units are occupied except for one unit.
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2 October 2024 | 13 replies
Most don't have power.I have a lot of LTRs that where miraculously untouched except for minor stuff.Our Lake House never lost power.
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4 October 2024 | 17 replies
One exception might have been a 3% construction mgmt fee.
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2 October 2024 | 22 replies
Charlie, you are correct on RESPA as Federal regulation, but finder's fee for unlicensed individuals in real estate is state by state regulation - In California, for example as long as it is diclosed this is legal - "In California, a “finder’s exception,” allowing an unlicensed person to be compensated for introducing parties to a real estate transaction, has been judicially approved since 1923.
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1 October 2024 | 2 replies
Typically it is binary, you either meet the 24 month requirement or you don't...there are a couple of exceptions for moving in less than 24 months which you can review here:https://www.irs.gov/publications/p523#en_US_2023_publink1000...Look at the "Partial exclusion" section
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2 October 2024 | 3 replies
new to this and just looking for some advice guess i really i don't no where to start so any advice is appreciated bought my first house in may and thing seem to be going well so far its more of a boarding house / house hacking roommate situation with people i know for the moment plan on doing some things to up the equity but am limited on funds i know the neighbors house just sold for a bit more then i paid for mine so that's a plus and mine is nicer and in better shape i have almost no debt for the most part except the current mortgage on said house don't make much from my day job less then 3k a month after taxes and have good credit. i guess i just really need to know where to start should i be starting a LLC or something similar?
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2 October 2024 | 3 replies
A couple other tips;you can’t use the renovation loan to finance renovations to the commercial space. only exception is if you need to do repairs to the core structure or mechanicals that are integral to the building (ie, structural work, sewer lines, water mains)Make sure you work with a lender that knows how to do these.
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2 October 2024 | 5 replies
buy low, no exceptions.