All Forum Posts by: Adam Blachnio
Adam Blachnio has started 13 posts and replied 108 times.
Post: Tax Assessed Value in negotiations
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
Hi👋 I am trying to use Tax Assessed Value in negotiation with 3-4units owners due to fact those properties seems to be overpriced by sellers.
I do realize that TAV is less than Fair Market Value, but if the owner has no valid apprisal I want to rely on TAV as a sort of established datum (made by official tax Municipal dep)...
Is this a good approach❓
Post: INVESTING IN C NEIGHBORHOODS
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
What if that specific area has been qualified by government as „Opportunity zone” where taxes are more friendly and few other benefits investor may gain?
Post: So much for Millenials not buying homes and renting all their lif
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
they named them as nomads
Which means to constantly travel and not to stay in one location for too long😀
Post: Private Money Lender Offers 0% APR
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
My experience says he most likely seeking for opportunities to make his illigal cash legal so did you ask him if money are compliant with AML Policy?
Post: Options for investor: 100k
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
Originally posted by @Account Closed:
Originally posted by @Adam Blachnio:
Yes @Account Closed lease to buy is the best option 😎
I don't buy on Lease Option. If you have a Lease Option you don't own the property. You only have an Option to buy it in the future. That's too risky for me for a variety of reasons. I either take the property Subject To, Wrap, Land Contract or Owner Financing. Then I own the property and I can use it for a long term safe investment.
I was saying about aquiring properties and to lease them to tenants 😎
Post: Options for investor: 100k
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
Yes @Account Closed lease to buy is the best option 😎
Post: California to make "Solar "mandatory for new Homes!!!!!!
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
Originally posted by @Steve K.:
Originally posted by @Adam Blachnio:
so the panels and batteries as a whole should have some kind of government incentive in tax deduction or similar ✔️
There has been a 30% tax credit on solar equipment since 2005. Batteries are no longer used 99% of the time.
So how the exces of energy can be stored for more house-demand-time?
Post: California to make "Solar "mandatory for new Homes!!!!!!
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
so the panels and batteries as a whole should have some kind of government incentive in tax deduction or similar ✔️
Post: 1031 exchange yay or nay
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
Originally posted by @Account Closed:
Originally posted by @Anthony Bellesbach:
don't think you can use it on a flip i think its more so for buy and hold homes. I could be wrong on that. And you can split into more then 1 deal.
@Marie Holmes
Technically you can split it into more than one deal but the logistics are a nightmare and impractical. Correct, in a flip the tax becomes due and the 1031 is pointless.
But flip last for more than year can use 1031 rule?
Post: Tenant gets away with not paying rent for 14 years! $34k+ debt!
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
Why owner pissed this off for such enormuos time😬❓