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2 May 2018 | 9 replies
I cannot tell him to send a message with any questions or decision to email address I don't have the access to.""
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29 June 2019 | 4 replies
Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases
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4 April 2018 | 19 replies
One that can make the space spotless while also making sure you are good on inventory (toilet paper, paper towels, coffee, etc.) 4.
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31 March 2018 | 11 replies
In that case, I would think the seller or seller's agent would need to be the one to facilitate access to the house to allow your due diligence (ie: estimating rehab).
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31 March 2018 | 5 replies
Did you set up a bank account that the tenant has access to?
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30 March 2018 | 0 replies
I have access to theMLS so I do not need to be forwarded listings from there, but we are looking for a 15,000 square foot lot (minimum) zoned commercial in Los Angeles for a client to expand his business on.
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2 April 2018 | 5 replies
@Lauren Keen I am not sure one way or the other if you can take the deduction since I don't have all the facts, but I can tell you that the real estate professional designation is not a requirement to take the home office deduction with respect to a rental activity.There is nothing in §280A (the home office section in the tax code) that mentions being a real estate professional is required in order to take the home office deduction for your rental activity.However, in addition to the rules regarding the space itself, there is the requirement that the taxpayer's rental activities rise to the level of a trade or business, which the Treasury has conveniently never defined for us.But it seems that rental activities would rise to the level of a trade or business if the activities are substantial, regular, and continuous.However, there is a case, Curphey v.
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31 March 2018 | 1 reply
Bought this duplex a few years ago and I'm currently house hacking but need more live in space for my family.
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8 April 2018 | 16 replies
Real estate agents have access to MLS.
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27 September 2022 | 14 replies
We'd go days and sometimes weeks with intermittent internet access to be able to contact folks back stateside.