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Before you make a written offer to buy a property to rehab, make sure you accurately estimate real estate repair cost (for both labor and materials)---be conservative with your estimates and make a detailed list that you can show to potential lenders, investors and joint venture partners.
Pending home sales in the US grew for the fourth straight month in November to return to the highest level since early 2023.
When you pay for an oil tank scan on a property you are going to buy, have the company you hire determine whether the tank is actively in use. If the tank has been taken out of service, you should request all documents relating to the tank closure including town permits and contractor reports. These documents will prove the tank was closed properly according to regulatory guidelines.
Keep detailed records of each expense related to your property so you will be able to take advantage of every single tax deduction you are legally entitled to use.
New homes in the US are getting smaller. According to a National Association of Home builders survey, 17% of home builders said they built homes on smaller lots in 2023 to support home sales.
