5 September 2015 | 33 replies
"Wholesaler","Rehabber", "Landlord" or "Retail Buyers" can safely be considered as "getting financing in some fashion."
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12 March 2015 | 9 replies
In Redding, the Police Department can take hours to respond to calls, and the Sheriff Department is even worse as they cover hundreds of square miles with only a few Sheriffs.
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14 April 2015 | 2 replies
I am also working on a practicum at the Department of Rehabilitation doing psychological assessments.
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17 April 2015 | 1 reply
Preliminary list looks like this:Income- verify rents and check comparables to check condition of homes versus how I will rehabRehab- recheck costs and condition (focus on hvac, plumbing, roof, electrical) to see if I missed anything, check health department for outstanding orders, check code enforcementExpenses- verify taxes (recalculate for investment property if necessary), verify insurance, check for HOA, check for utility cost even if I will not pay them (high bills could indicate faulty systems)Help me determine what I missed!
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22 May 2016 | 2 replies
That seems to be the case if I look at the IRS publication stating "Under §1.263(a)-1(f)(1)(ii)(D), a taxpayer without an AFS may elect to apply the de minimis safe harbor if,among other things, the amount paid for the property subject to the de minimis safe harbor does not exceed $500 per invoice (or per item as substantiated by the invoice) or other amount as identified in published guidance issued by the Treasury Department and the IRS."
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21 November 2014 | 6 replies
I have an investment property I'm about to list on the local MLS for a retail sale.
5 December 2014 | 19 replies
Once I have a sense of retail value, I can decide what I'm willing to pay, especially if I want to find a bargain.As with any real estate, someone has to have the ability to transfer (pass) title ownership.
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27 May 2015 | 1 reply
Another investor approached us and was interested in buying it, and we have worked with him to get him all the information he needs and got him access for him to personally inspect the property.Yesterday we found out that he called the fire department to ask about any previous fires at the address, and the fire department told him there had been a fire there 10 years ago (there has not been a fire of any kind in the 35 years my family has owned the building) and worse, they told him that the fire report shows it as being a single family residence (it was officially zoned multi-family years before my family purchased it).
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28 May 2015 | 4 replies
.)- Evolve to rehab flips with your own moneySomewhere along the way, GET YOUR LICENSE so you can:- List housesBecause... you can list a lot more houses than you can get under contract, plus over half the people that contact you will actually want full retail price for their property or close to it, so be prepared to do SOMETHING with those guys to make $$.
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1 June 2015 | 7 replies
I bought 3 houses around that time: one was a flip that failed and I immediately converted to a profitable rental, the second was strictly as a rental, and the third was a move-in rehab for a later sale.Then I wanted to get into multi-family, but got distracted and opened up a small retail space - which pretty much wrecked me.