Population growth will drive up prices and rents, and how fast prices and rents rise depends on interest rates.Assuming interest rates remain stable, based on historical data plus my assessment of the current market and economic conditions, I expect the next 5-year average appreciation rate to be over 11% and the rent growth rate to be ~8%.

Unless the QCD is being recorded in a state like PA, where they impute a value for the property that approximates FMV, and they set real estate transfer taxes (between 2% and 4% of "value" depending on county) based on that imputed FMV.

Hello BP, I am a New York City based RE Broker, Investor, & Property Manager. 

Everyone else is doing it is not an argument against prosecution.There are now lawyers that are building practices, solely based on suing spam callers to the tune of 1500 per call.And yes I know a number of people in our industry hit with thousands and thousands of dollars for just this issue.

. - To answer your question directly, the calculation is based on what you actually sell it for, not the FMV. 

I'm not up in Vermont on a regular basis, I'm Boston based, but would love to know when these meetings occur to see if I could squeeze into one. 

Hello Hello,I need to access My Equity But my DTI is High, this some information :- My Equity is about 240K- My Mortgage Payment = $ 1750/Month ( include everything ( PITI ))- My W2 = $4700/month- My Credit Score 690 (based on soft pull)I need :- 70K to build 4 separate bedrooms on my backyard, so I can rent it out. and generate income.I have Debt =- Car Loan 35K / Monthly Payment $720- Credit Card 25K / Monthly Payment $700 ( this debt not for luxury, but to build room addition about 250 Sqft, 2 years ago)So my total monthly payment debt + mortgage = $3170My Taxable Income W2 only $4700But my Family (from other country) deposit to my chase checking account about 25K ( about $2000/every month) per year.And No, I don't have anybody can be my cosigner / co-borrower. 

@Chris Picciurro not sure its a slam dunk based on today’s reporting…

You might reach out to @Nate Meeker who is based near SD.

In this blog post, we'll explore the pros and cons of the HomeStyle Renovation Loan based on my firsthand experience.