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Latest Mortgage Rates
Hi Folks,
Rates on 30-year mortgages jumped to the highest level in seven months, Freddie Mac reported in its nationwide survey. Thirty-year, fixed-rate mortgages rose to 6.37 percent from 6.21 percent last week. It ...
Adam Orentlicher
Motion sensor thermostats
Hi All, I have a vacation property that I'd prefer NOT to install a hard coded thermostat in - e.g., I want to give folks the ability to set the temperature on their own. Otherwise I'm sure I'll get complaints. I'd ...
Leora Merrell
What Does It Mean To "Tweak" Pricing In Pricelabs?
Serious question. I realize it may be a stupid one but I'm willing to look stupid if it means I learn something. I've been a host for 5+ years now and have 7 STRs (1 in wine country in NOVA, the rest are in the Smokie...
Rhonda Jones
Help! major water main break!!
I had a major water main break - totally flooded the basement in my duplex! I reported it right away to my insurance company, but a claims adjuster couldn't come out today.
The Philadelphia Water Department came out ...
David J.
Selling home I just bought 11 months ago, Do I pay Taxes on sale?
I bought a home for $385K close to 1 year ago. I put a down payment of $90K. I also spent $30K fixing it up. The $90K down came from a refinance of a different property. Ignoring 1031 options, .. If I sell the house n...
Saji Ijiyemi
Need Home Owners Insurance Attorney
I have a rental property that is water-damaged. Insurance gave go-ahead to remediate, so contractor started work to get the water out and remove wet walls. The house has been sitting for 2 months now since insurance h...
Peter Vanzino
Cost Basis of Converted Property
I have a property that converted from personal use to a rental property in 2017. For depreciation on my taxes, the cost basis was defined with the fair market value at time of conversion. I am considering selling now,...
Account Closed
Acceptible Comp Criteria for Quad
Hi all. I am working up an arv for a client who has a quad under contract.
The quad sold comps are not in repaired condition, but some nearby triplexes and duplexes are.
Would it be acceptable to use the per squar...
Andrew Graham
Multifamily House Fire While Deployed Overseas
I'm currently deployed overseas and just learned that my 5-Plex caught fire. I'm not sure how badly it was damaged, but based on the pictures I was sent I know I won't be able to rent any of the apartments out for qu...
Josh Michael
Heloc or home equity loan?
Heloc or home equity loan? Pros and cons to both and why choose one over the other.