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26 August 2024 | 3 replies
You asked about a property you have listed for sale and property taxes that are coming due and the consequences of not paying them until the property sells.Generally, the local taxing authority will impose an interest penalty on any unpaid balance after the due date with a long grace period before you would have to worry about unpaid property taxes affecting your ownership of the property or your ability to sell.In all likelihood, the property taxes will become a part of the closing and will be deducted from your proceeds at the time of sale.By the way, property taxes are always in first lien position ahead of any other debts like mortgages.
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21 August 2024 | 10 replies
This is my first post.
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28 August 2024 | 22 replies
I'm shopping insurance again this year because my first renewal is in May and Farmers is raising the cost by 30%.
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28 August 2024 | 7 replies
No reason to do this hard money loan if you have a lot of time.
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29 August 2024 | 5 replies
This way I would save money in holding cost of getting a loan to buy it first then renovate it.
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28 August 2024 | 4 replies
We've slogged through the process of doing our first lot spit in Mounds View.
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21 August 2024 | 10 replies
But while evictions have many similarities throughout the country, scrupulously following local law and procedure is the key to getting through the process with as little pain as possible.You will probably want to also find and consult a local real estate attorney who does evictions on the process, especially this first time, especially if you suspect you're going to be doing this multiple times in the future.I can't answer your first specific question better than that.
26 August 2024 | 13 replies
I have been doing a ton of research and just completed my first 1031 exchange into a DST-721 UPREIT.
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25 August 2024 | 61 replies
Staying in first time homebuyer territory is smart for the quick sale.
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28 August 2024 | 8 replies
Keep in mind he had the skills to make it happen, and he doesn't account for the cost of his time/skills.