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11 February 2024 | 2 replies
Working with investors will require you to learn specific skills that help your clients get to closing.You’re in the right place for connecting with investors.I wish you all the best.
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11 February 2024 | 2 replies
Under the provisions ofProposition 19, as long as all other requirements have been met, the new taxable value of thereplacement primary residence would be calculated as follows:Since both units of the duplex are identical, then the full cash value of the unit that is theoriginal primary residence is $400,000 ($800,000/2).
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11 February 2024 | 2 replies
Here’s mine but I feel like it can be better• Use Zillow and Redfin apps to look up similar rentals in the same area, note the obvious differences compared to my property such as unfinished backyard, proximity to main roads, pools, whether or not it requires a cosmetic rehab, SQFT, etc.• Use Redfin’s property value estimator to determine the value of these properties, and calculate the ROI of these properties (hypothetically, assuming the house was paid cash) only including home value and rental price they are listed for (not taxes and insurance) to determine general ROI of properties in the area.• Select the properties most similar to mine, and use the minimum rent of these as my minimum expected rent potential.
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11 February 2024 | 4 replies
Typically it requires that the parent have lived in the property as his primary residence, and it also becomes your primary residence.
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11 February 2024 | 27 replies
For selling costs, do you have both agent fees and whatever Florida requires for a transfer tax (here in PA they require 1% from the buyer and seller)?
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11 February 2024 | 9 replies
My apologies for the confusion.I was able to find a quitclaim deed with the propertie's legal description in my closing documents.As far as I can tell, I am discovering the legal descriptions and tax parcel numbers from both title companies match.However, the tax assessor's office lists the opposite half of the address than my mortgage company has on file.My insurance company requires both sides of the duplex address to be listed on policy.I have still been unable to get in contact with the closing company from my refinance.
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10 February 2024 | 4 replies
So if HOA has lawn maintenance requirements, it should be in lease that tenant is responsible, because even if you pay for the re-seed, who is going to water it?
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11 February 2024 | 32 replies
STR can make more money, but requires more effort and has the risks from the various attackers.
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11 February 2024 | 8 replies
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11 February 2024 | 5 replies
Depending on if your grandmother has lived in the residence long enough and meets other requirements of IRC 121, as well as the amount of the gain, she may avoid capital gains if sold during life as well.