Nicholas Nelson
Move my rental property into an LLC
21 July 2019 | 1 reply
@Nicholas Nelson A transfer most likely will trigger the Due on Sale clause (DOS) - and while in the past, in an environment of falling interest rates and prices might been a rare occurrence, like they say, past performance might not apply to future results, and with rates increasing and "aged" loans (where the bulk of the interest was already collected, since you pay most at the beginning part of the amortization schedule) the banks might be more interested in collecting on the DOS clause and redeploying the money at higher interest (especially if the valuation of property makes for an easy sale in case of foreclosure).
Matt Ferch
Self directed 401K — BRRRR?
23 July 2019 | 7 replies
It's a retirement account you can't benefit until you are of legal retirement age.
Jordan Dooley
Had my HVAC stolen but I have insurance. Advice needed.
22 July 2019 | 26 replies
Many policies for vacant property exclude theft with the exception that some (builders risk and COC) may cover theft of “building materials” - since the AC was already installed it would be a stretch to call it building materials.Last - I bet you have ACV coverage for this type of loss which means they will depreciate for the age of the AC before paying out on a claim.If the cost of the unit is $3000 and it’s 5 to 7+ years old it would be adjusted heavily for age - maybe 50%?
Carly M.
Attn: Kansas City, MO Real Estate Agents - Help!
23 July 2019 | 11 replies
Not to mention, consideration of the age of the property and condition of the foundation.
Stephanie Yi
If you have 1m, where you would invest and how would you invest?
1 August 2019 | 37 replies
I believe you can understand an investment by studying that investment, especially in this day and age with the availability of information on line.
David K.
Roof and electrical panel issues in Cleveland C-area duplex
29 July 2019 | 10 replies
It depends on the age of the house, it's not the best practice to put asphalt over slate but I've seen it done before because removing slate is very costly, slate is heavy.
Alvonta Flemings
Mobile home investing
1 November 2020 | 7 replies
At any age this business takes a ton of determination and guts.
Jonathan Bombaci
Foundation issue with clients first deal
22 July 2019 | 11 replies
Old houses have cast iron pipers that will disintegrate (because of age and/or foundation shift).
John Roesler
A little talking never hurts
21 July 2019 | 1 reply
The tenant was in another property managed by the same PM for the last 5 years and after their aged mother passed away (she was living with the tenant), the tenant was looking to downsize and moved into my upper 2BR/1BA unit.
Terry Dunlap
Would You Buy for Cashflow Only?
2 August 2019 | 101 replies
Being 44 years of age I am not ready to retire for at least 9-10 years.