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1 February 2025 | 13 replies
That will increase your material costs for the job and is the contractor paying for the material in their bid or are you paying for it and paying them a labor cost.
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30 January 2025 | 21 replies
Did lenders reactivate HELOCs after the rates increased?
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28 January 2025 | 8 replies
However, a full or partial gift means you inherit their $33K cost basis, potentially increasing your capital gains taxes when you sell in the future.
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24 January 2025 | 1 reply
Peter Lohmann’s newsletter is a solid source for staying on top of national trends; I’d recommend subscribing if you haven’t already.In Texas, I’ve noticed increased activity, especially in the Dallas-Fort Worth area.
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16 February 2025 | 61 replies
Circling back on this topic, curious on others' strategies who are having success on Booking.com concerning how you're handling payments.
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21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
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22 January 2025 | 7 replies
If you have any questions or concerns feel free to reach out at anytime!
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20 January 2025 | 0 replies
California owners, should we increase our coverage, which should result in higher premiums?
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16 January 2025 | 78 replies
As prices increase, fewer people can afford to buy homes, forcing them to rent.
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29 January 2025 | 12 replies
Long term interest rates should continue to increase.