David Ivy
November 2018 Market Report
11 January 2019 | 5 replies
All else being equal, the this announcement and eventual influx of well-paid, educated tech employees will produce upward pressure on rents and property values, both residential and commercial.However, there are several things to note.
John Abraham
Gainesville FL for MFR investment
26 December 2018 | 6 replies
.: purchase price = $1,000, appraisal % = 80%, millage rate = 1.80%, early payment discount = 4%, reassessed ad-valorem tax estimate = $0then taxes will equal: $1,000 * 80% * 1.80% * (1-4%) = $13.824The formula might sound daunting at first but you get the hang of it pretty quickly.
Wayne Connell
Penalty for getting out of a lease
24 December 2018 | 11 replies
It was suggested that this penalty be equal to two months rent.
Franklin Bird
Multi Family Questions
2 January 2019 | 18 replies
All things being equal, a 3 unit building that is more profitable is worth more to me than one that is less profitable.
Rabinder Chopra
HST reimbursement on Commercial Property in Nova Scotia
26 December 2018 | 2 replies
I don't think there would be HST on the purchase on the property, but you would need to pay "deed transfer tax" which is equal to 1% of the purchase price of the property.The deed transfer tax is not reimbursable, but you would be able to claim it as an expense to account against your taxable income if you are putting it in your name or as a business expense for your company if you are putting it in your company's name.I am not an accountant so don't take what I said as 100% true.
Alex T.
Quarterly LLC Payments
14 July 2020 | 6 replies
You can pay more if you want but if you make at least 100% of what you paid in 2018 in 4 equal payment, there is no interest and penalty.
Lee Austin
Limitations with VA loans
27 December 2018 | 5 replies
So you take that and divide it by 4 ($121,087) then subtract your current entitlement used ($36,000) which equals $85,087.
Hament Raju Mahajan
Multifamily per door price vs SFR and condo sold price nearby
24 December 2018 | 4 replies
One is buying 100s of housing units and paying a huge premium to buy as compared to buying a single unit.HIgh income and value areas comparison: In the areas like San Francisco where housing is expensive and median income is higher , the cost of a single housing unit in a apartment complex is only a fraction of the median/ average single housing unit.To me It seems that if the per door cost in an apartment complex is close / equal or more then surrounding single housing unit ..it happens in the very poor areas of the country where the average income is close to the national poverty line ...
Matthew Mummert
1031 exchange Net Sale Proceeds
26 December 2018 | 4 replies
Example: Original purchase price $240k, Sale Price $340k, Mortage pay off $200k, Line of Credit pay off $40k.Do the Net Sale Proceeds equal $100k (line of credit qualifies) or $140k (line of credit does not qualify)?