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22 May 2024 | 3 replies
Located in: Trenton, NJ one thing to realize and talk to your accountant about is if you assume it - do you assume it based on his cost basis, which could be a lot lower than the property value and then when you do eventually sell it, you could be hit with a nice capital gains bill.
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22 May 2024 | 0 replies
For those looking to buy, having cash on hand can be a game-changer, giving you the upper hand in negotiations and helping you secure the property of your dreams.Sellers, take note: the percentage of the original list price received stands at 94%, a slight dip from last year's 95%.
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22 May 2024 | 0 replies
More money in the market means more opportunities for everyone.Active Inventory: A whopping 52.6% increase in active inventory, from 2,717 to 4,146, means more options for buyers and a more balanced market.Despite a slight dip in the percentage of the original list price received (down 1%) and a minor increase in median time to contract (up 11.1%), the overall sentiment is overwhelmingly positive.
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22 May 2024 | 10 replies
Transaction costs, seasoning, pre-payment penalties, DTI impacts, minimum lending requirements (more than 50-60k), and a long list of other issues make this a bad strategy.Buy 1 and see how it goes.
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22 May 2024 | 30 replies
If you don’t love your Pm call a couple other local pms or talk to local investors about who they use.
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22 May 2024 | 3 replies
Pre-foreclosure is usually when a lis pendens has been filed, but most of those get worked out, so the lists aren't always correct.
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23 May 2024 | 16 replies
I know you've already solved the issue but going forward you simply list the other adult as an "authorized guest" of one of the individuals financially responsible for the lease.
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21 May 2024 | 41 replies
Is it listed in the lease to keep it closed?
22 May 2024 | 18 replies
Funding renovations with your credit cards can hurt your credit score too.I'd recommend either using a broker who can do both loans, or talking about the scenario and getting pre-qualified with your refinance lender before you buy anything.
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22 May 2024 | 31 replies
Same thing here but with real estate instead of companies.It's not talked about nearly enough by real estate investors, because it requires analysis way beyond the "buy low and sell high" that everyone initially thinks about.