All Forum Posts by: Jay Thomas

If your property has gone down in value, you should contact your local county or municipality to see if you qualify for a reassessment. This can be done by filing an appeal with the local tax assessor's office. Reassessments are typically performed when there is a significant change in the market value of a property and they usually take into account changes in the local economic conditions, such as job losses or a decline in housing prices. Even if you don't qualify for a reassessment this year, it's important to stay informed about current market values and contact your local assessor should property values go down in the near future. By doing so, you may be able to lower your tax bill for next year.

Keep in mind, however, that even if values go down, some governments are slow to adjust assessments and you may need to be persistent in order to receive a reassessment. Also, it's important to understand that any changes made will only affect the current tax year and not those of prior years. It pays to stay informed and be proactive when it comes to your property taxes. If you suspect that your taxes are too high, don't hesitate to reach out for a reassessment. Doing so may help you save money in the long run!

North Durham is a great option for those looking to settle down in an area that has it all. It offers a quiet, suburban atmosphere with strong schools and plenty of recreational activities nearby. Although the cost of living is higher than it was in years past, there are still affordable housing options available. From parks and trails to restaurants and shopping centers, North Durham has an abundance of amenities and attractions for every lifestyle. The area is known for its friendly people, welcoming atmosphere and high-quality services. Investing in North Durham real estate can provide a safe, secure and comfortable place to call home. Plus, you’ll be part of a vibrant community that values connections and encourages growth. If you’re looking for a place to call home that offers all the benefits of city living but with a laid-back suburban feel, North Durham is your ideal destination.

You need to buy properties at significant discounts – usually when there's a lot of rehab work needed before they can be occupied – in order to make the most out of this strategy. When done correctly, you can take advantage of your initial investment and use debt from the loan to help fund renovations. Then once the property is ready for tenants and begins generating income, you can refinance the loan and receive cash back that was used for repairs. This allows you to repeat this process again with another purchase—allowing for even greater returns on future investments. With enough planning and research, it’s possible to successfully execute the brrrr strategy and build wealth over time.

At the same time, it is important to be aware of some of the risks involved with this strategy. You need to purchase properties that have a low enough price that you can make money off of them while still allowing you to cover your repair costs. Additionally, it’s important to factor in taxes and other fees associated with loan refinancing as they can significantly increase the overall cost of your investment. If you are properly prepared and aware of these risks, however, it is possible to thrive using this approach. The brrrr strategy is an excellent way for anyone looking to grow their wealth through real estate investing. With careful consideration and research, you could find yourself well on your way to financial freedom.

Good luck!

Carpets and curtains are two of the most common places where odors can linger. If these items have been recently changed or cleaned, it would be wise to check behind them and underneath them for any possible water damage that could be causing a smell. Additionally, walls should also be checked to see if they contain any residue from previous occupants that might be causing an odor. Even if there isn't visible evidence of water damage or residue, it is always best practice to investigate further by removing drywall, insulation, or other materials in order to get a better idea about what could be behind the walls of a home. If a source of the smell cannot be identified, it is best to contact a professional for assistance. With the right knowledge and tools, it is possible to identify and address any potential odor sources in a home.

It's important to bear in mind that owning trailer homes also comes with its own unique set of challenges. You'll need to keep up with maintenance and repairs as well as tenant relationships if you're renting out your units. Though it does require more work than other forms of real estate investing, those who have done it before often find that the rewards can be quite lucrative. All in all, trailer homes can be a great way to diversify your portfolio and potentially bring in some steady income.

With this knowledge in mind, anyone considering trailer home investing should do their due diligence before committing to anything. Speak with other investors who have experience in the industry and make sure you understand the legal requirements associated with owning and renting out these types of properties. Once you're comfortable, it's possible to reap substantial rewards by investing in trailer homes. With careful planning and hard work, trailer home investments can provide a solid return for those willing to take on the challenge!

It is not an easy task for many individuals to invest in the California real estate market. With the constantly increasing prices, it has become increasingly difficult for those who are just starting out to purchase property in a highly competitive climate. Cash buyers have the advantage of paying full market price and bidding up on properties - making it even more challenging for other buyers. Thankfully, there are alternative solutions available that can help people get into the California real estate market. These include taking out loans, working with a real estate agent or broker, investing in rental properties, or utilizing investment clubs to pool resources and buy multiple pieces of property at once. By taking advantage of these options, individuals can find ways to overcome the high costs associated with buying a home in California and still remain competitive in the market. Investing in rental properties can also be a lucrative way to build wealth over time, as rental income often appreciates faster than other investments and allows investors to offset their cost of living expenses. Finally, an investment club may allow for more diversified investments and pooled resources that can help individuals take advantage of opportunities in the California real estate market.

No matter which option you choose, it is important to understand that investing in the California real estate market is not for the faint of heart.

This plan would involve selling your existing property, using the cash to purchase a new property in New York and then investing in a rental property out of state. It is important to weigh the pros and cons of this approach as you consider the current mortgage balance, realtor fees, taxes, and other costs. Additionally, it would be beneficial to research different locations for both properties so that you can find an investment that will yield the best return on investment. By carefully researching potential investments and weighing all options, you can ensure that you make a sound decision when deciding how to use your money.

Thanks for sharing, It's good to know about it.

An open house also serves as an effective way to generate interest and gives prospective tenants an opportunity to get to know your property better. Promote it across social media and also provide signage for potential visitors. By following the renting guidelines and sticking to your screening criteria, you can ensure that you select reliable renters who are a good fit for your property. Good luck with renting out your property!

When someone converts non-living spaces, such as warehouses or garages, into living space without proper authorization, it is considered illegal and violates the International Building Code (IBC). Most cities have strict regulations in place to ensure that real estate conversions are compliant with local laws, and violations can result in significant fines and other penalties.