Stephen Michael
Multiple Investments and Interest Rates
9 July 2021 | 4 replies
Main thing right now is that the rates are still incredibly low and so if you have non-performing assets you should sell those and ideally do a 1031 exchange into a better deal in a better market.
Joseph Vaughn
RE rookie and first-time home buyer from Athens, Georgia
5 October 2021 | 8 replies
How well the lumber market performs is highly correlated with housing starts: lower housing starts + less lumber being used = lower performance in lumber market.
Joshua Zdunich
Quitting my W-2 job, qualifying for a mortgage.
7 July 2021 | 8 replies
We just quit our W2s and are using lenders who loan based on 'asset performance' - just like what @Jeff Langley mentioned.
Josiah Hrusch
Deal assessment, and advice
5 July 2021 | 16 replies
However, it's also conceivable that you could be liable for specific performance (exceedingly RARELY used against a defaulting buyer because it's usually not worth the effort) or other penalties.
Frida McKenzie
Reverse Mortgage - Pull Out Money
19 July 2021 | 8 replies
You need to do extensive reading about Medicare / what it does and doesn't pay for- it will pay for skilled care temporarily but not custodial care.
Tinah Canda
Historic Property and an Unsuspecting New Investor
7 July 2021 | 13 replies
She said property owners do not have to disclose that their property is historic and they can perform any updates they want on the property unless they received a grant that would invoke the "preservation restriction."
Jason Chase
Need CPA to Certify My P/L for Real Estate Purchase
6 July 2021 | 6 replies
The risk just isn't worth any fee.For long-time, existing clients who need something for the lender, most firms have a boilerplate template that clearly states the scope of the services that they provide to the client, that they have not audited or examined the financials and provide no assurance, and that it is the lender's responsibility to perform due diligence, etc.
Logan Loughmiller
Different inspector than realtor suggests?
8 July 2021 | 18 replies
My practice is to refer buyers to the websites listing qualified (InterNACHI or ASHI here in NM) inspectors and let them contact some to find out what inspections they perform, what special equipment they might use, how much they cost, are 2nd visits after repairs included in the cost and how far out they’re booking.The buyer books the inspections.Licensing is just going live here and so I will ensure buyers are given the opportunity to hire fully licensed inspectors.
John Tobin
What Money to Use for First Investment Property (Buy&Hold)
5 July 2021 | 4 replies
While past performance is not a guarantee of future results, the stock market has averaged between 7%-8% returns and I would expect those same overall returns to continue in the future.
Mark Berge
My tenant hasn't signed the renewal lease yet
7 July 2021 | 9 replies
When you need the tenant to take action, always include a deadline and a consequence for failing to perform.