Write into the lease 50% carpet coverage in the upstairs unit if it isn't already there.

To Clarify, When you pay off your principal, there is an "ascension in wealth" and this will increase your basis and offer no write-offs.

I am writing to seek professional advice and guidance regarding a matter concerning my recent apartment purchase.In August 2023, I completed the purchase of an apartment, which has since become entangled in a series of complex issues.

So I talked to a very good tax attorney and he told me I would lose at tax court so there was 30k i could not write off and penalized for.. so now my  SOP for all my travel is save all airline receipts and boarding pass's.. the airlines only keep stuff for about 18 months on line..

No matter which side of the lending transaction you are on, you will want to consult with a local RE attorney and get docs drafted up by a professional to make sure you stay legally compliant and have adequate protections both as borrower and lender. 

I can tell you my stories about RE Investing.

Greetings! I'm Rahul Dedhia, your dedicated Realtor specializing in the vibrant real estate markets of Kansas and Missouri. With a passion for real estate and a deep connection to the diverse communities in this regio...

Can someone refer a good lawyer in California to write/review a Tenancy-in Common Agreement?  

High Maintenance Costs: Escalating maintenance costs can erode your profit margins.Change in Neighborhood Dynamics: Shifts in the neighborhood that negatively affect your property’s value are a red flag.Better Investment Opportunities: Selling might be wise if you've identified a more lucrative investment opportunity.Cash Flow Necessities: If you need liquidity, selling a property can provide a significant cash inflow.Tax Implications: Sometimes, selling can be advantageous for tax reasons, especially if you can benefit from capital gains tax laws.Personal Financial Changes: Changes in your personal financial situation may necessitate liquidating assets.Retirement Planning: Selling investment properties can be part of transitioning into retirement.Portfolio Diversification: Selling might be necessary to avoid overconcentration in real estate.Legal or Regulatory Changes: New laws or regulations can impact the attractiveness of holding onto a property.Ownership Challenges: If the burden of ownership outweighs the benefits, it may be time to sell.Real Estate Market Trends: Anticipating a downturn in the market can be a reason to sell early.Interest Rates: Rising interest rates can reduce the pool of potential buyers and lower property values.Property Value Appreciation: If your property has appreciated significantly, taking profits might be smart.Lifestyle Changes: Sometimes, personal life changes dictate a shift in investment strategies.ConclusionDeciding to sell an investment property is a complex decision influenced by market conditions, personal circumstances, and future investment goals.

I do wonder if I leads to more inventory though, I have for instance another client that this 2.5% might be the difference in deciding to list or not, for sellers without a lot of equity that 2.5% can be the difference between writing and check or not, which in addition to some people not having the money to cut a check is also a huge psychological barrier, there are probably even some people on the margins who have in thier head they will only sell if they can net 100k in profit or some random number like that.