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21 January 2025 | 27 replies
Sounds like your agent wasn't experienced enough in the area.
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15 January 2025 | 7 replies
You can also check their reviews online at Google, Facebook, or Yelp.
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22 January 2025 | 22 replies
The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!
17 January 2025 | 7 replies
Always prioritize experienced professionals to safeguard your investment.
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17 January 2025 | 28 replies
Quote from @Sarah Kensinger: Quote from @John Underwood: Wouldn't it be cheaper to order everything online and have it shipped to house?
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16 January 2025 | 8 replies
If it is a emotional support dog (basically a pet with papers they buy online, mostly to find a way to get a pet into a rental), ask for documentation from a local medical professional (NOT anything online).
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16 January 2025 | 0 replies
Pressure to use affiliated servicesHidden fee structuresPROFESSIONAL BOUNDARIES ⚖️Good QIs maintain:Clear fee disclosuresWritten policiesProfessional distanceEthical guidelinesWATCH OUT FOR 👀QIs who:Push investment productsOffer tax or legal advice without credentialsSuggest "creative" solutionsPromise guaranteed returns on exchange fundsBEST PRACTICES FOR VETTING 📋Check multiple referencesVerify professional membershipsResearch online presenceReview complaint historyExamine years in businessINDEPENDENCE MATTERS!
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27 January 2025 | 6 replies
Behind referral on on-line sources like Next door, Google review, FB marketplace, etc.
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15 January 2025 | 9 replies
Quote from @Brandon Croucier: Hey Bruce,I recommend working with an experienced DSCR Broker who knows the ins and outs of the industry to guide you in to the right product and pricing for you.
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21 January 2025 | 10 replies
You can also check their reviews online at Google, Facebook, or Yelp.