Jonathan Sullivan
Trust capital gains taxes
6 October 2022 | 1 reply
Capital gains occur on the sale and the sale will now be with a basis of the FMV on date of inheritance
Julian Colvard
Tenant keeps calling the owners job. What do I do?
7 October 2022 | 3 replies
When it’s not in the lease that the tenant cannot contact the owner, what are your action steps as a property manager when unwanted contact occurs from the tenant to the owner?
Justin Sullivan
Question for accountants or ones with direct experience please!!
6 October 2022 | 3 replies
If you are going to use day laborers and unlicensed contractors to do some or all of the work on your properties you may want to take into account that your insurance coverage will not pay out when an accident happens during the course of breaking a law.
Simon Obas
Is it time for a new agent?
30 October 2022 | 23 replies
@Simon Obas- thanks - checked it out - looks nice - that price range is likely to only draw buyers are that will make it a primary residence ( and not as a rental ) ..many buyers for primary homes tend to look in the April - sept window ..... current rates and pending rescession have slowed the buyers way down in the past 30-90 days ...the present price looks accurate if you were selling back in the spring .....I would ask ytour agent to pull comps of sales that have closed in past 30 days and also try pulling data of contracts that have been agreed to in past 30 days so you can update the expecation .......if you use a closed sales comp for a home that closed in Sept - this might reflect a listing/ offer that occured in July so be careful to not use any comps from over 30 days ago ...( thats how quick the market seems to have changed ) ......try adding wording to the listing to attract attention ( eg.
Drew K.
Stuck and confused. Looking for guidance.
12 October 2022 | 22 replies
For instance, he identified the load bearing walls when we walked the property, he understood where the existing plumbing was, and where new plumbing would need to go, he assessed where HVAC ducts were, and where new ducts would need to be routed, he understood the changes that would need to occur to the electrical system, etc., etc., and he understood the costs of all of those issues.
Chris Clothier
Great Article published today with 3 Really Good Tips
11 October 2022 | 0 replies
My failures in real estate have occurred when I am violating some form of these tips.
Edward Pulido
Tenant incapacitated/unconscious. Lease termination
12 October 2022 | 7 replies
I was informed by my tenants family that he was in an accident and currently unconscious.
Jeremyi Sanchez
Loans - 1st Property & 2nd Property
3 November 2022 | 4 replies
It can also occur when banks are shared skitless (as they are and have been recently).I've found a useful way to reduce the cash-to-close requirement to be working with local banks and using their commercial financing (usually variable rate, shorter A/M, etc) OR using some of the newer loan products coming out of companies like Certain Lending and a litany of other quasi-Hedge-fund turn lender products.
Mohammed Nasser
Looking to get Pre-approved for a Investment Property.
13 October 2022 | 17 replies
Which steps will take place online and which will occur in person (such as appraisal and closing)?
Chuong Do
Rate lock "Total Lender Costs"
12 October 2022 | 3 replies
You are only responsible for costs that occur such as the appraisal, if and when it is ordered.