Tyree Lucas
New motivated member ready to learn.
26 August 2024 | 13 replies
Yes I'm up an willing to connect knowledge is power an I'm always willing to learn.
Tyler Bettencourt
property tax due while my property is for sale
26 August 2024 | 3 replies
You asked about a property you have listed for sale and property taxes that are coming due and the consequences of not paying them until the property sells.Generally, the local taxing authority will impose an interest penalty on any unpaid balance after the due date with a long grace period before you would have to worry about unpaid property taxes affecting your ownership of the property or your ability to sell.In all likelihood, the property taxes will become a part of the closing and will be deducted from your proceeds at the time of sale.By the way, property taxes are always in first lien position ahead of any other debts like mortgages.
Carlo D.
Maybe a dumb question since it's so basic but I'll still ask it.
26 August 2024 | 4 replies
For those of you that use an LLC purely and solely to hold the real estate, and has a separate LLC that manages the real estate holdings, when the rent is paid, does that rent payment go on the books of the LLC that only holds the real estate?
Andres Trujillo
Buying in Bronx
26 August 2024 | 2 replies
I am planning to buy a house in Bronx, close to the city, I found a single family house 1 and 1/2 bathroom, 3 bedroom, finished basement, garage, and yard,The house looks in really good condition, I already made an offer for 570.000, in melrose Bronx, I know this is not a safe neighborhood, but I do believe the house will appreciate and also I think I could easily rent it since it’s close to the subway,What do you guys think, will a house in melrose Bronx will appreciate it, taking into account it is close to projects and it’s in melrose?
Nicholas Henry
Taking name off the deed, keeping it on the mortgage - ruin my credit?
26 August 2024 | 9 replies
(You will no longer have an interest in the property.)
Atul Mohlajee
Non renewal notice of lease by tenant
26 August 2024 | 24 replies
I recall seeing a recent post from someone else in a situation like this, he even paid the collection but score is still too low to apply for a mortgage.Certainly speak to an attorney to double check your options.
Christian Licata
In need of some advice for first property
29 August 2024 | 7 replies
Congrats on saving up that's an amazing start.I would suggest holding off on flipping if you don't want to do it near you, although with $250k, you probably could find something even in California that you could flip, we hear horror stories from our clients all the time of how they hired a contractor but were not able to watch progress and fly in 2 months later to see almost no work done and most of the money spent.
Carlos Lopes
Buying STR in Destin/Fort Walton Beach
26 August 2024 | 25 replies
That's another thing you may want to consider as you turn your property into an STR later.
Levi Perl
Realistic to raise rents from $825 to $1150?
26 August 2024 | 14 replies
Don't rely on an appraisal.
Jonathan Morgan
Any experience using Zest Property Management in Detroit (Tim Moore)?
27 August 2024 | 3 replies
Logical PM has an enormous number of complaints on BP and Yelp.