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1 March 2020 | 14 replies
Although it’s 10 bedrooms now it could, with a little effort be turned into a very comfortable 4 bedroom 4 bath house.
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27 February 2020 | 3 replies
And the replacement property must also be purchased with the intent of holding for productive use.Most folks feel comfortable with anything more than a year but there could always be situations where a hold period of less than (or more than) a year are needed to demonstrate your intent.On the plus side for you would be1. it appears you frequently hold property (the 2010 purchase) for longer term. 2.
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8 April 2020 | 63 replies
Only one child has died from COVID19 in China in the 10-19 year old range.
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27 February 2020 | 3 replies
@Lane OttoI’m thinking AirBnB would be the best way, if she’s comfortable with it.I know a couple empty nesters who have utilized that extra space for AirBnB income.
27 February 2020 | 2 replies
Current rents per month: for whole park ~4KFair market rents per month: I'd guess just at > $500/unit and offload the utility costs on the renters, current paid by park ownerDown payment or equity: Expect I could come up with 30% down if neededSource of down payment funds, if applicable: own funds and borrowing from/against IRA/brokerage acctIncome Source: Salaried in telecom construction management for ~20yrsGross monthly income (optional): $5K/moMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $3KFICO: Excellent 800Credit issues: just mortgaged a rental property in Feb and cannot yet show rental income history to offset costs.
26 February 2020 | 0 replies
Current rents per month: for whole park ~4KFair market rents per month: I'd guess just at > $500/unit and offload the utility costs on the renters, current paid by park ownerDown payment or equity: Expect I could come up with 30% down if neededSource of down payment funds, if applicable: own funds and borrowing from/against IRA/brokerage acctIncome Source: Salaried in telecom construction management for ~20yrsGross monthly income (optional): $5K/moMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $3KFICO: Excellent 800Credit issues: just mortgaged a rental property in Feb and cannot yet show rental income history to offset costs.
29 February 2020 | 9 replies
I talked to my CPA and he said that it wouldn't be advisable to have a lease agreement, but a living agreement of house rules he feels comfortable with.
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26 February 2020 | 7 replies
I have told them to clean up but I'm wondering what your opinion is on contacting a certain authority about the child's care.
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27 February 2020 | 2 replies
When I meet local buyers (which I'm doing ALL of the time at local REI meetups), I ask them what types of property they're looking for, where they want them, what condition they're comfortable with, and what price range.
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29 February 2020 | 27 replies
If that’s the case, decide how many units you are comfortable managing with your schedule and consider how you will meet any needs they may have (such as midnight property emergencies like heat going out, plumbing leaks, etc), and find some maintenance and repair people that you trust to handle the big things you cannot do yourself.