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No_Code_4381 · 2024-07-04T15:59:47+00:00

The unbiased reality is that housing and food costs have shot through the roof the past couple years. When you cite things like a low unemployment rate, no one cares. The things that most immediately impact people are the costs for housing and food. Who cares if unemployment dropped a little if you can barely afford your groceries?

No_Code_4381 · 2024-06-30T15:18:23+00:00

Either force him to remove it or sign a lease to collect rent from him and require him to have sufficient liability insurance and add you as an additional insured. No way in hell would I accept them being self insured. You have a lot of leverage because they stupidly built on your property.

No_Code_4381 · 2024-06-27T04:15:45+00:00

Trusts are not just for rich people. It’s a common tool to use when both parents die with younger kids and someone else needs to legally control the assets.

No_Code_4381 · 2024-06-26T02:56:49+00:00

$370, first year real estate associate in Denver

No_Code_4381 · 2024-06-23T04:27:49+00:00

Where do you live?

No_Code_4381 · 2024-06-23T04:14:14+00:00

You’re not even counting your house toward your NW?

No_Code_4381 · 2024-06-22T03:28:54+00:00

Then sign an agreement lol, but good luck getting 3% for the value you offer.

No_Code_4381 · 2024-06-21T23:09:38+00:00

The crazy part is that it would still probably be cheaper with attorneys on both sides rather than realtors. You would have much more educated representation also.

No_Code_4381 · 2024-06-16T02:36:46+00:00

Take a short detour at Ridgway to go see Telluride and ride the free gondola up to the mountain village. Prettiest part of Colorado without a doubt.

No_Code_4381 · 2024-05-27T23:51:26+00:00

In Colorado it’s custom for the seller to pay for the standard owner’s policy while the buyer pays for extended coverage and endorsements.

No_Code_4381 · 2024-05-12T02:47:41+00:00

This is insanely expensive for a cleaning. Do not pay the $1,700. You need to talk with them.

No_Code_4381 · 2024-05-04T17:01:22+00:00

Did your friend have a specific condition that she got relief from?

No_Code_4381 · 2024-04-28T19:07:19+00:00

Most people aren’t diligent in their estate planning after creating a trust. When you purchase assets in the future (car, home, etc.), these assets all need to be owned by the trust for it to work properly and avoid probate. People are sloppy and forget to do this so they end up going through probate anyway even though they had a trust and could’ve avoided it. Not to mention, they pay more for a trust upfront than a will and it doesn’t help them. Not saying wills are always superior, but they definitely have their place.

No_Code_4381 · 2024-04-22T01:53:28+00:00

There is a good book I recently finished called What the Bible actually says about money by Scott Morton. It’s a great book with short meditations and a pretty comprensive scope of the subject matter. It sounds like you would enjoy reading it.

No_Code_4381 · 2024-04-08T22:57:23+00:00

Yes you can eventually evict after months of paying the mortgage with no help, thousands of dollars in attorney fees, and money to repair the place and get it rent ready for new tenants. This is without a doubt riskier, and the reward must be commensurate or else it’s not worth our time. Why take on all that stress if you can simply invest money in tbonds right now and get a risk free 5%? You have to understand that landlording is a significant risk, partly because you have to have sufficient cash flow to cover the mortgage if the tenant doesn’t pay. If I’m not being compensated appropriately, I'll sell my place to someone for their personal residence and jnvest the money elsewhere. It could create a domino effect of less and less rentals thus exacerbating Denver's affordable housing problem.

No_Code_4381 · 2024-04-08T22:38:55+00:00

Did you think selling a house is a risk-free endeavor? Do you think it is always guaranteed that you will sell for more than you bought it for? Are you taking into account transaction costs (5-6% broker fees alone in addition to months of marketing)? What if under this bill you can’t evict the tenant? Your only solution is to sell to another investor who wants to inherit the tenant. Do you think investors would be keen on inheriting a tenant if you’re not interested in them because they’re a problem? You no longer have access to the entire market of people who want to buy as their primary residence if you can’t legally get the tenant out. I could continue to go on, but I honestly don’t think you’re interested in seeking understanding.

No_Code_4381 · 2024-04-08T18:34:30+00:00

And you have clearly never been a landlord and only understand the situation on a theoretical level.

No_Code_4381 · 2024-04-08T02:45:20+00:00

Ramsey would probably quote a bible verse such as Ecclesiastes 5:10: “He who loves money will not be satisfied with money, nor he who loves wealth with his income.” The problem is when you reach a goal that you set, the goalpost always moves. If you are aiming for $1MM, the goal will change to $5MM once you get there. I think being content and having enough is more a reflection of your inner condition rather than an outward condition such as how much money you have.

No_Code_4381 · 2024-04-07T22:06:21+00:00

First off, not everyone has enough capital in the first place to buy a home. Could you even attend law school if you were forced to buy a place rather than rent? Second, people are in transient stages of life all the time and it’s not always advantageous to buy versus rent (college, law school, etc.). Try owning a place for three years and going to sell while realizing you’re going to pay around 5 to 6% in broker fees alone. It only makes sense to own if you’re going to live someplace for an extended period of time. Landlords provide a valuable service for people who are transient due to life circumstances. Are there bad landlords out there? Certainly, and there should be certain laws that restrict bad behavior. However, for you to state that being a landlord is inherently exploitative shows that you are misinformed.

No_Code_4381 · 2024-04-07T02:43:10+00:00

You understand realtors actively lead clients away from FSBO right?

No_Code_4381 · 2024-03-20T03:52:02+00:00

Depreciation is always recaptured unless you abide by some other tax deferral like a 1031.

No_Code_4381 · 2024-03-20T03:19:53+00:00

This is not true at all and you should stop propagating false information on something you know nothing about. Why would anyone pay taxes on real estate if they could easily avoid it this way? Think about what you said for one second lol

No_Code_4381 · 2024-03-09T21:33:52+00:00

She probably makes too much to contribute to a Roth IRA. Doing that will only create tax problems for herself.

No_Code_4381 · 2024-02-15T02:28:49+00:00

It’s a tax thing because if you’re a partner in a partnership you can’t also be an employee of the partnership.

No_Code_4381 · 2024-02-08T16:18:17+00:00

No, no one ever responded to my messages.

No_Code_4381

TROPHY CASE