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22 June 2021 | 10 replies
Once you know the owner(s) and condition of the title, whether the owner had a will, who Ohio law declares should inherit the property, and what the owner's family tree is, then you can answer "... who would inherit the house?"
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29 May 2021 | 5 replies
@Angela ZaitzBeing honest if its what it sounds like, just a small cosmetic issue, that doesn't create any real issues or tripping hazards, then so long as the rest of the home is also in good condition I would leave it as is.
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30 May 2021 | 5 replies
That's not guaranteed, but it is the choice I'd make based on market conditions as I see them.
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7 June 2021 | 22 replies
If things are slow the market is telling you the price is too high for the conditions of the home.
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30 May 2021 | 2 replies
The property is in terrible condition where it easily could cost about $150k+ for the renovation and selling “As Is” I’ve checked the comps and it seems that market price for that area is about $250-$375k along with the next door neighbors home being relatively new and renovated from it’s older structure.
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30 May 2021 | 2 replies
After talking with my attorney, he advised that if the condition is bad enough and in rough shape, I can try and deem the property uninhabitable so that I can evict them that way since the property might be safe for them to live in.I'm guessing I"m going to have to bring in a county or city inspector?
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16 June 2021 | 1 reply
Both houses appear to be in good, safe, livable condition.
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31 May 2021 | 6 replies
Depending on the condition, you may want to offer below market value to deal with damage.
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3 June 2021 | 10 replies
Capital improvements include expenses for improvement to the property, such as a new roof, new siding or major renovations.Capital improvements for residential property are deductible over a 27.5-year period; Ordinary repairs required to maintain the property in good condition, such as painting, fixing leaks and replacing broken windows, are deductible in the year they are paid.
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7 June 2021 | 23 replies
Portfolio lenders/commercial lenders usually restrict LTV due to two reasons: property struggles to cash flow or your credit score.However, we still usually see 65% LTV or so in these conditions -- unless it cash flows very bad.