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3 September 2024 | 47 replies
Once the plan has invested into assets like real estate or securities, that value is no longer covered by FDIC.
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3 September 2024 | 4 replies
If not, no worries at all.
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3 September 2024 | 0 replies
This has always been the case, but the industry is taking strides to make it more fluid.Investor Sellers can choose to pay some or all of the buyer's agent commission (that's not new) but this can no longer be advertised through the local MLS AND this must go through the seller to the agent versus through the listing agent like it did in the past.Investor buyers must be signed with an agent to step foot in listed homes.
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4 September 2024 | 2 replies
No matter how good it looks, anything can happen at the last minute.That’s why you’ve always got to keep hustling, keep your pipeline full, and never count on just one deal to carry you through.
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1 September 2024 | 3 replies
Property B, my co-owner lives there full time while I live in property A (he has no affiliation to property A).My question is, how should I view the monthly payment breakdown of property B (further details below)?
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2 September 2024 | 5 replies
@Pietro GaglioUse this database to help find average cost of care in your particular zip code.https://www.genworth.com/aging-and-you/finances/cost-of-care...If you're in Clinton Township it's roughly $4200, however keep in mind that this is just average.
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1 September 2024 | 6 replies
We had already been planning to do some maintenance and repairs (repave driveway, re-insulate attic, replace two broken faucets, other minor items), but were wondering if, for tax reasons, we are better off waiting until we close on the new home and this is no longer our primary.Can this work count toward tax deductions as preparatory work on rental property, even if it's currently our primary?
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4 September 2024 | 8 replies
Specifically i found that we had to coordinate keys, the seller move out, the closing times, wiring instructions, and various other little details to get the deal done... being this was our first one, it was unclear who communicates all of these as there was obviously no agents or brokers involved.
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31 August 2024 | 6 replies
But, if the cost is fairly nominal, maybe under a couple grand, and you have no experience in real estate, including owning your own home and hiring contractors for that, then it is likely worth it.I would always start with a deep assessment of where you feel you don't have adequate knowledge.
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31 August 2024 | 22 replies
It doesn't cost anything to ask questions.I think you should consider house hacking.