Chirag Rathod
Does it make sense to finish & legalise a basement as Additional residential units?
14 April 2024 | 5 replies
A local RE professional should be able to provide this information to you as well.In New York, we deal with this scenario frequently and oftentimes it does not make sense to legalize ADUs because the permit process is extremely lengthy, the cost is high (sometimes $150-300K for 1 ADU unit), and the potential increase in property valuable is not worth the risk.If you already have an approved permit/plan and can get your renovation down to $80K, you may want to consider this project if the ARV is say north of $800K.** You should also look into any potential property tax increases associated with this change.
Nathan H.
Complicated Capital Loss/Gain Question for all of the tax wizzes on here
15 April 2024 | 7 replies
Very comfortable with taxes, but haven’t done tax work for years, so sometimes I seek advice on things I’ve forgotten.No one is going to do the level analysis and planning that I do with my own taxes, so I’m fairly certain I’m saving a significant amount of money in legal tax avoidance.
Aaron Hill
Just getting started
14 April 2024 | 8 replies
Thanks Jason,Yes, that is certainly the plan.
Marc Possoff
Grays Ferry Gentrification?
14 April 2024 | 13 replies
There is too much supply for the little amount of demand for rent or for sale.Be careful of peoples projections in the area as they are not accurate.
Matthew Murray
Any experience in continuing care/ elderly care homes?
9 April 2024 | 2 replies
I’ve recently been exploring the idea of hospice/ continuing care models.
Derek Bell
Agricultural land to multi family
13 April 2024 | 1 reply
I dont plan on building anything on the property, if and when, it gets rezoned.
Grant Vincent
How to structure will? Inheriting house with surviving relative?
12 April 2024 | 16 replies
Not sure, but I'd say it is more of a matter of thorough diligence and future planning, not really about integrity.
Jeff Miller
Working on becoming a new investor.
14 April 2024 | 10 replies
Thanks for the tip, it is actually on my to do list, I heard REIA talked about on the podcast and plan on searching for one in Utah.
Adam Subervi Jr
Looking to finally start my real estate investment journey!
14 April 2024 | 5 replies
Do you plan on investing locally?
Chris F.
What are the most important metrics you use to track market direction?
13 April 2024 | 7 replies
I only care about DOM.