Andy B.
Can anybody help to ballpark the costs to move a bathroom
12 July 2011 | 12 replies
I would want to use the existing bath (its small) as the guest bath and create a new bath in a portion of the converted garage (this shares a wall with the master) to create a master "suite".I don't have my spreadsheet with me, but rough estimate I had $30,000 just for the necessary stuff (flooring, paint, A/C, etc.) and with the existing numbers, that will not work (much less leave room for the master bath) but if I can get a price reduction, the number might start to look better -- just need to know what costs would look like for the master bath.
Philip Bourdon
The Need for Success Track Record for HML/Private Money?
23 July 2011 | 6 replies
If you can fund the repairs and some portion of the purchase, you should be able to find a lender.Hard money is local.
Wayne M.
IRA for rental property
18 July 2011 | 25 replies
You're looking at 60-65% LTV's at best and above market rates.2) You'll pay UDFI tax on the debt financed portion. 3) The debt financed fraction is current debt divided by the basis.
Matthew J. T.
Putting contract under your name or under business name?
16 July 2011 | 6 replies
And you will also be considered a "Dealer" for those properties that you wholesale.As for whether you do it through your personal name or company, I don't think the liability is going to be much different if you're not planning to actually close on any properties (though I'm not an attorney and I'm sure there are some edge cases where it does make a difference).From a tax perspective, if you have an S-Corp or an LLC taxed as an S-Corp, you may be able to save on self employment taxes for a portion of your income if you buy/sell through the business.
Trip B
Man get $330,000 house for $16! (YMMV)
7 February 2012 | 12 replies
We just had people making bad decisions, taking a portion of the law and applying it in a way that was not legal," Tarrant County clerk Mary Louise Garcia said.In one case, an Arlington travel nurse came home in September to find her locks changed and two TVs missing, according to a police report.
Ayo F.
Bank of America Short Sale!
8 August 2011 | 8 replies
Also, isn't it against the law to give the seller money or portion of any existing equity ?
Charley F.
Landlord Insurance: Choosing Coverage
15 July 2018 | 35 replies
Better safe than sorry.Looking at my quote, $250 of the premium is for the liability portion.
Ed L.
Tenant Stepped on Roofing TACK.
8 August 2011 | 17 replies
Offer to pay a portion, or all, of the medical expenses and have your tenant sign a release stating she is satisfied with your remedy.
Charles Redmond
Using zero-coupon notes for acquisitions
6 August 2011 | 11 replies
Ideal sellers would be wholesalers looking to move a large portion of their inventory.
Connie Sullinger
using a 1031 exchange
20 August 2011 | 4 replies
The exclusion does not apply to the portion of the gain while the property was held as a rental or nonqualified use.