Brandon Obrien
Management co. no contact agreement
28 January 2021 | 11 replies
Tenant indicates "improvements" they've done to the home and how they want to stay forever.
Mary Chen
Buying a home partially using 1031 money from parents
14 February 2021 | 3 replies
They've been thinking about buying a home in our neighborhood but the housing pricing these days indicate that selling value (e.g. $600k) is just not enough to cover the cost of the new home ($900k) and they no longer can qualify for loan.
Mary Chen
Buying a home partially using 1031 money from parents
1 February 2021 | 3 replies
They've been thinking about buying a home in our neighborhood but the housing pricing these days indicate that selling value (e.g. $600k) is just not enough to cover the cost of the new home ($900k) and they no longer can qualify for loan.
Cameron Riley
My mother bought a home to resell. Does she pay taxes on sale?
29 January 2021 | 5 replies
If it's her primary residence and she meets the requirements of sec 121 then gain is tax free up to $250K of profit ($500K if she is married).If it is not her primary residence and she has held the property for productive investment use then it would qualify for a 1031 exchange and get to indefinitely defer all tax.But if this is a property that she bought to resell as the title indicates then it wouldn't qualify for 1031 treatment.
Adam M.
Facebook Marketplace Change?
11 May 2021 | 5 replies
Now I can still list, but only through my personal page.I don't have any indication I was banned, and I did nothing that I can figure to violate the terms of service.
Bertha T.
Inherited tenants, no proof of security deposit
29 January 2021 | 9 replies
Maybe I'm asking the obvious question here, but I'm assuming nothing was provided during probate to indicate security deposits?
Joseph Kelly
Top Thoughts on House Hacking a 4plex in/around NOVA
30 January 2021 | 15 replies
Couple follow-up points here:1) Given the predominant importance of "location, location, location", as your post indicated, what resources do you use to locate/pin down good locations?
William Allen
What is a Property’s After Repair Value and how to Determine it?
28 January 2021 | 1 reply
These are used to determine the “going rate” for houses in that area and are a really good indication of what your house will sell for.To access data for comparable properties you can use a paid or free service such as Zillow or Redfin, but for the most accurate and detailed information we recommend the Multiple Listing Service, or MLS — a service which provides extensive detail on properties up for sale or recently sold.In order to access the MLS, you will either need to work with an agent, become an agent yourself, or work with someone who can get you access to the MLS.The first step with the MLS is to look for rehabbed “standard” sold comps which are similar to what your home will be like when it is sale ready.
Rachel A Simon
Incorrect Property Records & Impact on Financing
27 January 2021 | 0 replies
I send the information to my lender to get information re: financing options and she indicated that the property records only reflect one house.
Dennis N.
Huntsville's Historic Price Changes & Housing Affordability
30 January 2021 | 2 replies
The most recent Freddie Mac House Price Index (FMHPI) report for the Huntsville MSA shows:- Over the past five years home prices have increased in Huntsville by 40.4%- Over the past year prices have increased by 14.3%- Over the last month home prices in Huntsville have increased by 1.1%The Housing Affordability Index (HAI) is an indicator that investors can use to help predict the current and future demand for rental property.