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5 April 2024 | 5 replies
Best way to avoid that is to be a good host, avoid any group that hints of a party group, install noise monitors and enforce those rules aith your guests.
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6 April 2024 | 4 replies
Yesterday, I noticed a bike in the front yard which was not there when I did my initial inspection.I normally don't touch these kinds of properties (and try to avoid occupied properties in general), but it was so cheap I couldn't resist.
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6 April 2024 | 8 replies
This is still a very tricky area for lenders as there are not many "industry-standard" tried and true rules - many DSCR Lenders and buyers of these loans are still wary of the SRO model - that being said, it is a lot easier and more flexible to underwrite on an acquisition if you are buying and the property could be utilized as a LTR / MTR or STR as that allows for a more tailored projection (as long as the property doesn't have unique or altered characteristics that would require it to be a SRO / MTR)
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5 April 2024 | 9 replies
If you have nothing helpful to add, please avoid posting.What I am asking is if paying myself payroll and also taking profit distributions that are not subject to self-employment tax still applies if I am paying myself out of the Disregarded LLC and not the S-Corp directly.
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4 April 2024 | 5 replies
Unless you used your VA entitlement but if you have your DD 214 your certificate of eligibility is much better than FHA 203K.Plus with VA you avoid the UFMIP and the MIP monthly.
5 April 2024 | 8 replies
If I sold the unit today, I will walk away with $100K in profit after agent commission etc.Given I cannot offset rental losses ($26K) against W2 (not a RE professional), any advice re: thoughts below:1) sell the rental in the next 3 years (under the 5 year and 2 as a primary occupant) to avoid Capital Gain.
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6 April 2024 | 6 replies
To comply, we asked the husband to complete the rental application and submit the required documents, including ID, SSN, and bank statements.
7 April 2024 | 7 replies
Court of Appeals for the District of Columbia on Friday overturned a lower-court ruling from 2023 that had quashed the Justice Department’s request for information from N.A.R. about broker commissions and how real estate listings are marketed.https://www.nytimes.com/2024/04/05/realestate/doj-realtors-n...Given that the lawsuit no longer requires members to be members of nar or the local mls’s I’m not sure the doj can really move the needle anymore than the settlement in the sitzer case by farther going after nar, to the extent they want farther changes, it’s probably wrangling state licensing boards.
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4 April 2024 | 5 replies
Here are some tips to help you get started:Real estate requires a strong network.
6 April 2024 | 5 replies
This is typically seen in larger transactions with bigger check sizes but is also complicated to originate because an intercreditor agreement will be required by your lender.