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27 February 2020 | 5 replies
@Natalie KolodijAccording to the bigger pockets official write up, you can depreciate common areas if shared equally.
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9 March 2020 | 14 replies
You should also have a condition permitting you to collect estoppels from the tenants and use the information collected to verify the leases and financial information reported by the Vendor.4) When it comes to Earnest Money (more commonly called simply a Deposit here), you should consider a minimum of 5% - 10%.
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26 February 2020 | 0 replies
(Single Family Home)Multi-Family Units & CondosCommercial Units Value-Add properties commonly require a major upgrade or repair, that once completed would increase its Value and/or Rental Income.
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1 March 2020 | 15 replies
The owners and managers deny they discriminated against families with children but agreed to resolve the matter through the Conciliation Agreement.Under the terms of the agreement, the owners and property managers will pay IFHMB $10,000, abolish any two-person-per-bedroom policy, remove language regarding the two-person-per-bedroom policy from advertising and marketing materials, and have property managers and staff that interact with applicants and tenants attend fair housing training.In sanctuary cities it's common to have 12 to 20 immigrants living in very small rental houses.
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28 February 2020 | 4 replies
I wonder how common it is.
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28 February 2020 | 1 reply
The “big” companies or those which you can sing the jingle to/see marketing on TV all the time, likely don’t have these types of insurance solutions in their product suite.Part 4 of 5: Why you should include Deductible Buy-Down Programs in your insurance policy program.There are many different reason to consider adding one, or multiple buy-down programs to your insurance protection plan.These are not all the reasons your business should consider implementing a buy-down program, BUT will give you a good understanding of who should seriously consider.1) You have a number of properties in close proximity2) Having a lower deductible is a priority for you3) Wanting to look at ways to cut premium costs4) If your insurance company is requiring you carry a substantially high regular deductible on your policyPart 5 of 5: types of Deductible Buy-Down ProgramsThere are many buy-down programs available to implement into your insurance protection plan.Depending on your business, the “best” program may not be in the list below, but the list is what I have seen more often.WindHailEarthquakeFloodHurricaneThese programs are the most common programs I have seen, BUT that doesn’t mean they’re the best out there or right for you.
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27 February 2020 | 8 replies
A common rate is currently 7.25% for a long term loan.
28 February 2020 | 4 replies
While it is theoretically possible to simply withdraw/transfer only a certain percentage ownership of the property (e.g. 20% one year, 20% the next year etc) to spread out the tax burden, this means that you would own the property as a tenancy in common.
27 February 2020 | 3 replies
Is there a common practice to shop this deal around (for funding) to let's say private lenders, without them theoretically stealing the deal (Property) from you?
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1 March 2020 | 14 replies
Maybe you could rent on the rooms as separate units, with the rest remaining a common space until you decide what you want to do with it for the long term.