Recent content by Tharber

The video above fails to mention that the taxable value on the house was based on a $650,000 purchase price in 2002. The renovations in total have increased the value of the home to $5.15M.

The issue with all of these reports is that a few house here and there up or down will move those percentages when there are only 4000 units listed. Those could be single family, multi family, etc. Do not for one second think that FL is having a housing crisis. Yes insurance is an issue...

Houses in FL are built on a slab on grade mainly to comply to hurricane code. They are engineered for uploading, an elevated slab, which we call a stem wall is done in some areas but due to their nature, termites easily infest the house. You need to realize that in most parts of FL it never...

CDD bonds are more or less a loan to the developer to build infastructure so I would assume they would still neeed to be paid off. The bond (debt) portion can be paid off but then you also have the maintenance that would likely not ever go away. I know this board talks a great deal about them...

SC, Via the water, there is a canal in the back. Thats an easy ride to go out fishing for sure.

Some are missing the point here, its 36 minutes out to the ocean with one bridge to go under. That will come with a premium but not a premium for being on the ocean.

To the seller, especially in a leaseback, a mortgage is the same as cash. Think about it. You will still go through the steps but you are all but guaranteed approval because the lender will count the lease back payment as income. Investment properties are usually much easier to obtain than...

Also new disclosures on closing statements have to line item out any fee's or commissions. It can be worked around by including them into buyers pre paids and closing costs but that seems to be over most agents heads now a days. Meaning, if seller agree's to contribute X% towards buyers clsoings...

Except that now per the DOJ, buyers agents must get a signed buyers broker agreement stating how they will be compensated. It also prevents a buyers agent from being double compensated incase the seller is also paying a fee. The kicker here is that some lenders will not pay this commission, so...

Typically listing agreements are written with a total commision to be paid. Then an amount is decided upon within that total that the listing broker will share if a buyers agent is involved. When there is no other agent, the total commission is still payable to the listing broker. All the new...

Metal is going to last longer and might give you a good insurance break to install. I know in FL there are incentives to make your house 'hard' ie fire proof and I would think CA would have similiar programs. Most insurance comapnies are now giving any shingle only a 10yr lifespan.

Thats not how it works with the new rules. If a seller does not want to pay the cobroke fee, the buyer has to pay their buyers agent. If said buyer does not have the funds, it must be financed. Initially this was a huge road block for VA buyers but the VA has since backed off a little and...

I have just finished my divorce and the house was the biggest issue. No kids. I tried to get her to allow me to buy her out but she refused out of spite. It was my house to begin with but I refi'd and added her to it. I also spent $200 to $230K on renovations. She paid zero for 13 yrs...

CRE notes are vastly different. A CRE loan comes due in typically 7 or 10 yrs, then they must be refinanced. If there is a note on the property, most of the time the banks have an assignment of rents, meaning the tenant pays the bank direct and bypasses the owner.

AS mentioned (partially) if you build the car wash you can benefit from excellerated depreciation. It doesn't work as posted and this will be a very over simplified explanation of how it works. Commercial property is depreciated over 39 yrs, so take the cost of capital improvements, NOT land...