Hello,So I bought a four-plex back in October (in Downtown Long Beach, CA), all units were rented by long term tenants (4+ years). I finally got my first vacancy last week and really wanted to remodel the unit to ask ...
Hi All,Is the seller responsible for property taxes that increase after the sale/close? The tax appraised value doubled to close to 400K. Buyer is requesting that I pay the prorated increase in property taxes. My beli...
I am working on listing a gas station/hotel and looking for additional information about pricing them. If anyone has any info, please leave your knowledge below! My client is looking to sell their business, it grosses...
Looking at this 4-unit in Miami, Florida (see pictures). Both homes need an unbelievable amount of money and work put into them. Looks like part of the roof has a problem and even a hole in the side of the property as...
I was just looking at notes for sale on FCI Exchange and noticed a few of the Non-Performing 2nds priced >100% of UPB. They also happen to be in bankruptcy.Here's one:• Seller Asking: $43,196.47• Current Balance: $...
Here is the link.https://markjkohler.com/how-a-short-term-vacation-...My CPA had said to use schedule E for my STR on Homeaway. Then I saw a discussion on why you should use schedule C.This attorney explains why you s...
What are some common things to look out for when purchasing a condo, especially noting I'm a first time investor?I am soon to be afforded an opportunity to purchase 1 or 2 off-market condos in a prime location in a re...
Hi All,I have a property that I’ve had on the market for sale but it’s not moving. I can positively cash flow at $500 per month net but am concerned with the swimming pool. Should I be?
Hello, we submitted an offer for a property which has very old trailer.They are permitted, however they don't have a foundation which was legal long time ago. However power, water, septic, and even gas is connected.So...
I have bought, held, and sold duplexes here in NC. I am looking to grow in to larger apartment complexes in NC and possibly other states. What areas have people had to best experience ? What are the main things to wat...