The bank will allow him to take a loan up to 75% of the appraised value (0.75 * 700k = 525k).He takes 525k loan and pays original loan back (525 - 240k) leaving him excess 285k.

I haven't done that yet, just sitting on that information I decided to lean into a larger structure for a tear down and build of a 3b/3b 2 story.After we got the drawings back from engineering my drafter is estimating loosely a cost of $675,000 to build.

Your basement floor tile is probably asbestos and should be removed since it is so loose.

Investor returns in excess of 30% annual ROI (2 1/2 year holding period).Lessons learned?

My advice to the buyers was to either require a clear title or walk away - unless they wanted to live with the fact that one of the inheritors could come back in the future and make a claim against their property - and as real estate values continue to climb, that scenario becomes more and more likely.All it takes is for one of the inheritors to get a sniff of money in the air and all hell's going to break loose.

Six days ago, Tenant's washer hose on 2nd floor became loosely connected, which resulted in water damage to kitchen ceilings downstairs.

The entry of 2 judgments or the issuance of a warrant of attachment, execution or similar process against Borrower or any of its assets in excess of $xx which shall not be dismissed, discharged, stayed pending appeal or bonded within forty-five (xx) days after entry and, if bonded, such bond (or replacement bond) shall not continue ineffect at all times until such judgment is dismissed or discharged.11.11.

In those 7 years I haven't had any complaints from any neighbors or police callings keeping quiet and to myself.my landlord however...destroyed my bbq grill while trimming the lawn 3 years ago and I did nothing.tossed rocks while trimming dinging the paint job on my car.let the property driveway and parking lot go to hell with deep deep potholes everywhere causing my car to throw a control rod which I had repaired at my own expense.he has several times burst into my apartment without permission or notice saying he doesn't need it because he owns the property. sometimes without me even present and with no reason.he demands since he pays the water portion of our utilities that we use very little water or he will charge us for the excess even so much that we can't take a shower but once a week and do laundry once a month.he has continuously cut back on trash service to save him money to the point that over 100 people living in the 1 location has only 2 bins that hold 48 of the kitchen sized trash bags and we aren't allowed to pile them past the lip of the bin or around it. he's scaled back from 2 pick ups a week down to 1 and lies claiming he never had more than 1 pick up a week.the property has been overwhelmed with stray cats and a flea problem which he says isn't his problem.he has removed all work orders so we can't report problems in writing we have to verbally bring anything to the on site manager and she decides if its important enough to write up.he has made it clear that if anyone complains or tries to do anything that cost him any money at all, he will evict and he has made it clear he doesn't care he has a line of people waiting to get into here and he owns hundreds of properties so he won't even notice an empty unit... yet he complains when he has to spend a dime.I'm a disabled vet and I'm physically unable to move on my own, when I moved in I had an income from a job that I used to pay for a service, but my job closed and went out of business thanks to covid and now section 8 pays my rent and utilities. they won't pay for a move so if I'm evicted I'm screwed. he knows this. he's holding me hostage in my own situation. 

That said, I am considering having panels installed on the roofs of these buildings to pay the electric for these units, and in RI we have net metering, so I guess, if there is excess, it goes back to the grid and I get credited.So let's get to the math:Let's say, for easy math, an array costs $50,000 installed ( I know it may be higher - again easy math).To start, I can write off 87% of the cost of the array (my understanding is that you can write off the full cost MINUS 1/2 of the tax credit which equals 87%) which comes out to a $43,500 write off to go against net income from that LLC (which I believe is written off over several years?

While I've seen plenty of similar rentals with ALL utilities paid by the tenant, I also see a few that keep the water in the landlord's name (tenant is NOT responsible, barring excessive usage).So I'm wondering what the reason for this is, whereas the electric and gas always seem to be paid by the tenant.