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27 September 2021 | 1 reply
We've come across some items that will require repairs such as: Wood rot, couple places but especially one of the outside window frames, needs to be repaired ASAPMold Removal in the Attic, seemed to have a significant amount in thereRadon mitigation, it was 4.4 which the action level is 4.0 Pci/LWe have one water heater not functional and another one that may need replacing soonRepointing some of the foundation, there are cracks along the edges, especially near the gutter systems so we would like to get that fixedIf anyone has any general advice/recommendations on any of the items or if there are contractors that are willing to give estimates, we greatly appreciate it!
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17 September 2021 | 10 replies
If the stated defect is any toxic or hazardous substance, then Seller, at Seller’s option238 and expense, may have the substance remediated, removed, or reduced to an acceptable239 level prior to Closing.
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8 September 2021 | 15 replies
She had a couple of estimates, then had one from my contractor who was unbiased, not doing work, just an estimate because hers were from $10k to level it and try to sell the lot, good luck!
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6 September 2021 | 1 reply
Is the city responsible for maintaining it or what permits would I need to level/gravel it?
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6 September 2021 | 0 replies
To all of my private money investors, from a high level, what do you want to see and hear that would make you invest?
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4 October 2021 | 6 replies
One more question...In the video I shared above, Anson Young says he likes to search for real estate deals in cities of 100K-250K people, since that level population supports demand and there's less competition than in the major cities.
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4 October 2021 | 2 replies
including the sale of the property can increase your tax rate.The capital gain(including depreciation recapture) gets added onto your income.Therefore, your capital gains tax rate may potentially be partially at 15% and partially at 20% depending on your income levels and the gain from sale.Furthermore, do not forget state tax rates + Net Investment Income Tax.Best of luck!
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3 October 2021 | 6 replies
Most people setup an LLC for this for the added level of liability protection.
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8 February 2022 | 117 replies
Show her some graphs of the price of housing cost (to buy a new house) increase over years from 2011 to 2021, and the cost of insurance for that house you bought from 2011 to 2021 and lastly the rent level increased at the max level allowed by rent control from 2011 to 2021 ( you will have to work backwards to get the rent numbers) and let her see how much the housing cost increased compared to the rent increase allowed now by rent control.
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10 September 2021 | 36 replies
@Liam Martin Ruane I would ask them what's in it for you, and what is their experience level?