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20 March 2018 | 1 reply
Delinquent HOA assessment not paid by the foreclosed owner is a common problem that becomes the burden of the new Buyer, who has to settle with the HOA.Do the (sometimes) excessive HOA back dues increase the Cost Basis of the property that can be written off against ordinary gains or does it expense out (as passive income) on IRS Schedule E?
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3 April 2019 | 17 replies
Are you involved i.e. what is your sphere of influence?
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20 March 2018 | 10 replies
I'm not sure I like the idea of charging rent for each spot as this would assume you may be able to increase rents which may or may not be the case.
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20 March 2018 | 3 replies
I would also say that your investment strategy will be influenced by the market in which you invest.
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20 March 2018 | 2 replies
What they're wondering is if they could sell their lot to the same developer who buys the tear-down, allowing the developer to get extra value by increasing the lot size.
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11 September 2020 | 38 replies
Increase income, build lasting friendships and networks, give back more then you receive, teach others help others give praise to a higher power, love all mankind.
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23 March 2018 | 25 replies
I use employment info, increasing population, state of housing market - I like housing shortages, etc.
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23 March 2018 | 8 replies
Opting for a custodian on a Solo 401k plan unnecessarily inserts a middleman that usually slows transaction times and increases your overall costs.
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22 March 2018 | 7 replies
Would you choose to live in the top or bottom and what factors would influence your decision?
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10 April 2018 | 13 replies
If I do not desire the tenant or he does not want the increased rent I look for a new tenant for the rehabbed unit. 6) I move into the not rehabbed unit and start rehabbing it. 7) when I am done rehabbing it I refinance it pulling out hopefully all of my invested money (using contractors I usually get my down and part of my rehab cost but if you are doing much of the work yourself I think you may be able to get out all of your invested money 8) Use all that knowledge you have obtained to do it again with less mistakes trying for that homerun investment (I think most experienced So Cal RE investors have the Homerun deal: the type of deal you can potentially retire on).Here is also something you may not know: Commercial RE loans (5+ units) are more based on the numbers of the property than the numbers of the investor.