Jovan Pipkin
First multi-family home investment
5 November 2020 | 7 replies
Things the agent will want to know:age of the systems (roof, heat, plumbing, electric)if older, is there any knob & tube or aluminum wiringcircuit breakers or fusesany underground tanksdo tenants have pets (if dogs, what breed)what alarms do you havepitched or flat roofany claim history (check with existing owner)
Mark H. Porter
Stepped-up basis going away
3 May 2021 | 17 replies
It's fundamentally unfair to give a tax advantage to a sub set of Americans.I would agree to all of your thoughts if we just had a flat tax like Steve Forbes wanted to do when he ran for the big office.. that to me is fair..
Mark Surdam
Financing that allows for asset protection
8 November 2020 | 12 replies
Exactly, It does clearly say it will need to be removed from the LLC prior to any refinanceing and upon completion of the financing it would get placed back in the LLCFannie Ma is a Residential loan and since it is a 3 flat that is typically what you would be getting.
Nathan Faucett
Appraisal / Refinance Troubles - Need Advice!
3 November 2020 | 7 replies
It had 1 bedroom, 1 bathroom, 1 small office, and was completely outdated and gross (Acoustic tile painted black, painted wood-panelled walls, nasty dog-smelling carpet, etc)We put about $30k into renovating it - It now has 2 bedrooms with new walls, drywall ceilings, a full kitchen, completely new bathroom, new light fixtures, etc - it is essentially a luxury condo that we are now househacking with.We sought a refinance in July 2019 and an our appraisal came back really low - only $250k.
Matt Gilroy
How would you break down this utility bill?
3 November 2020 | 4 replies
Make it a flat dollar amount every month that covers their utilities, rather than fluctuating every month.
Michael Harkins
Land of no taxes and high prices to high taxes and "lower" prices
4 November 2020 | 4 replies
There are tons of benefits to doing this, and even if you buy a 2 flat in a nice neighborhood and the other unit doesn't full cover all your costs, I can bet you will be better off then just staying in the apartment downtown.
Mathou Ba
Buying an illegal Duplex recorded as a SFH and occupy both units
5 November 2020 | 10 replies
A common one is that the electrical is expanded above code and a panel upgrade with a potential new electrical drop is required.
Mahesh Nair
Looking to purchase first rental property in IL
6 November 2020 | 17 replies
We just helped a client close on a 2 flat (3bedroom/1bath in each unit) in Grand Crossing-$197K.
Antonio Patjane
San Antonio, TX Real Estate Attorney Needed
5 November 2020 | 6 replies
Flat fees and can get you started with leases, contracts, or any other questions you may have.Daniel and I have a great LLC video on YouTube discussing CPA goals vs legal goals.
Xavier Garcia
Multi-family in North Carolina or Arizona
6 November 2020 | 7 replies
However, your commute to base will be pretty long, the town doesn't have much to offer (neither does Jax really, but you are closer to the beach and to Wilmington), and most importantly, its an area of flat or even declining population growth and a very low appreciation market.