10 January 2020 | 3 replies
No attorney does more closings than a title company, and the title companies are in the business of minimizing risk.
17 January 2020 | 9 replies
@Steven Torok - since an LLC is only a legal hedge of protection it doesn't offer any tax benefits since it acts as a pass through entity.You'll be paying income tax on any profits that your rentals show, regardless of what you do with the money (whether you buy more real estate or a Porsche).However, if you refinance the properties, you can often show a loss for each rental property after depreciation/taxes/mortgage/expenses.
10 January 2020 | 6 replies
" 01/08/2020 After additional consideration, based on minimal fenestration and basic finishes; subject and comparable are revised to Q4" So if I upgrade the finishes I can hope for Q3?
11 January 2020 | 5 replies
The mentality of wont take a loss is great in theory but a small loss on one deal to take the money and buy another deal where you will make money is the smarter play.
11 January 2020 | 8 replies
Terms like Additional Insured, Additional Interest, Loss Payee, etc could apply depending on the scenario.
13 January 2020 | 16 replies
My policy has been to either use cheap materials that can easily be replaced between tenants with minimal grumbling, or pay for durable, tenant-resistant materials.
11 January 2020 | 2 replies
ultimately any gain or loss will be split 50/50 between you two.
10 January 2020 | 1 reply
They trashed it on the way out - literally throwing garbage all over the outdoor area and I received a violation from the city and had to spend about $1K to get it cleaned up.I eventually sold the property at a loss about 5-6 months after purchasing it - around mid 2018.
12 January 2020 | 2 replies
I am currently house hacking to cover my living expenses and have minimized my general expenses.
15 January 2020 | 38 replies
I appreciate your take on this, definitely gives me a lot to think about in terms of timing on this as not to loss that tax free benefit