Bob H.
Is a Zillow premium listing for a rental worth the cost?
10 October 2024 | 1 reply
It really came down to the fact that it was a slow market period, and his rental stood out because there weren’t as many options at the time.From a tech perspective, Zillow’s boost can help in areas where renters rely heavily on mobile searches.
Mike Irwin
Short term rental
8 October 2024 | 1 reply
While you may be eligible for a tax exclusion of up to $250,000 ($500,000 if married) on the sale of your primary residence, any period during which the property was used as a rental is considered "nonqualified use."
Account Closed
PEP fund with Lane Kawaoka
15 October 2024 | 69 replies
Construction can have unforseen costs, construction loans for rounds of funding can be more expensive over time, rent markets can drop, vacancies in market can increase.Typically entitlement phase of land most risk, followed by development, followed by vacant building turn around, followed by half vacant building, followed by mainly full building with value add component, followed by brand new building with market or below in place rents and everything new with good location.Along that spectrum of course you go from heavy equity upside potential to mainly just the cash flow return and hopefully price appreciation over time.Investors have to decide on the spectrum of their risk assessment to capital over what period of time how they will allocate between all one type of investment or multiple and what percentages.
Patrick Goswitz
Purchasing Material For Contractors
24 October 2024 | 139 replies
Down payment 10% or $1,000.00 whichever is less. 3 day cooling of period & 5 day for people over 65 & many other laws spelled out in the business & professions laws that we test on and signed an affidavit to uphold.People on the forum dismiss these and many other facts relative to contractor license law at their own peril.If I took a residential customers credit card & bought material I'd be in direct violation of license law.
Lexie R.
New to Landlording and Perplexed
10 October 2024 | 24 replies
In PA we have a 5 day standard period to review leases and ask for all info regarding tenants.
Shirley Moser
Maintenance of Heating and AC Units
9 October 2024 | 9 replies
The tenants won’t change the filters anyway so even if you have periodic checks the units will still wear out.
Dawn Johnson
Virginia Tenant claims month-to-month & moving out 11/8
11 October 2024 | 4 replies
In most places you are required to make a good faith effort to fill the vacancy and if you fill it prior to the end of that period you prorate what is due.
Ewka Kawecki
Arm loan - Fixed Rate Loan
9 October 2024 | 5 replies
Arm Loan - 5.250 (after five years the rates can go up 1.25% ( I will need to refinance before year 5) Need more info on loan amount, LTV, then can run the payment difference between the two and I’d also need more detailed info on the 5 year arm, as far as margin, index, floor , ceiling, adjustment periods. etc.
Shaneese Bailey
Seeking Advice on Flipping a Vacant Lot
12 October 2024 | 12 replies
Essentially a land flipper is actively seeking out properties to buy for a bargain and then aggressively marketing the piece of property to turn a profit.The flipped land can be sold for cash, but more commonly, flippers make money by offering the buyer financing and allowing them to pay the land off over a set period of time, with interest.
Emily Ellis
Wholesaling in New York - Help!
9 October 2024 | 17 replies
In regards to your EMD (from what I've learned so far) If you are within your inspection period still &/0r have some sort of clause in your contract stating ( “buyer has the unrestricted right to terminate contract with a written notice no later than ( inspection period date) than you have proof.