Showing posts with label them management group. Show all posts
Showing posts with label them management group. Show all posts

Saturday, March 24, 2012

RENT REDUCED!! HORSE PROPERTY! Cozy Country Home, Extra Large Shop & Barn!



34000 SE 6th St , Washougal, WA 98671
HORSES HORSES HORSES! This Washougal horse property has a completely remodeled home on it. With new carpet installed upstairs, this home is sure to keep you cozy. Two of the bedrooms are on the main floor and there is a large bonus room upstairs that would make a great family room, office, or even a 3rd bedroom. The one bathroom is large and includes a tub, grey tile counter tops, and white knobs on the sink and tub. It is also decorated with "western-star" towel racks and toilet paper holder. It sits on 6.58 acres and includes a 3 bay shop with huge center door large enough for your RV. There are two rooms in the garage for storage and room in the loft area over both rooms for storage also. The separate barn has 3 stalls and turn-outs for horses, hay loft upstairs and tons of storage and room for your tack. Plenty of flat land for your horses to run. Must see, you will fall in love with this vintage home.

By applying for this unit you acknowledge that you have read, understand, and accept the Rental Criteria. Click on this link (or copy into your browser): https://www.tmgnorthwest.com/forms/disclaimer.php?st=wa Additionally, applications submitted without payment will not be processed until payment is received. A property is NOT reserved until the deposit to hold has been received.
Square feet: 1,480

Amenities

  • Area: Washougal
  • Type: House
  • Style: 2-Story
  • Year Built: 1950
  • Floors: Carpet & Laminate
  • Dining Room: Area
  • Bonus Room: Large
  • Parking: Shop
  • Fence: Full
  • Laundry: Hookups
  • Heat: Electric Wall
  • Range
  • Refrigerator
  • Dishwasher
  • Pets?: Large Possible
  • Lease Term: 12-23 Months
  • Deposit: $1250
  • Nonrefundable Fee: $275
  • Pet Deposit: $300/600
  • Pet Nonrefundable Fee: $150
  • Other Terms: Non Smoking & LBP & no cows

The Management Group
Property and HOA Management in Vancouver WA and Portland OR
http://www.TMGnorthwest.com

Monday, March 12, 2012

To Flip or not to Flip?



There are advantages to flipping houses, however, there are undeniable risks along the way.  Regardless of the type of "flipper" you are, the deliberate analysis of the house that is going to be bought, its location, the existing damages, the needed repairs, the tentative span of time for it to be sold and of course if there is a ready & willing buyer should be the primary concerns of the "flipper". 

There are basically 3 different types of Flippers;
  1. Multiple investor flipper -  one investor purchases low and sells to another investor at a price the investor/purchaser can still have an upside
  2. Real estate flipping proper - the investors sells directly to a buyer that is not an investor
  3. Fix & Flip - involves having to do improvements on the property before it is sold.

Mortgage information - If you are taking out a mortgage to purchase a house to flip, note that FHA has extended the anti-flipping Wavier through 2012.  With certain exceptions, FHA rules prohibit insuring a mortgage on a home owned by the seller for less than 90 days.  The new extension will permit buyers to continue to use FHA-insured financing to purchase properties. The Waiver contains strict conditions to prevent the predatory practice of property flipping, in which properties are quickly resold at inflated prices to unsuspecting borrowers. The Waiver continues to be limited to sales meeting the following conditions:

  • All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction;
  • In cases in which the sales price of the property is 20 percent or more above the seller's acquisition cost, the Waiver will apply only if the lender meets specific conditions, and documents the justification for the increase in value; and
  • The Waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.

Tax Consequences - SEE YOUR TAX ADVISOR. 

As far as the IRS is concerned, buying and selling real estate as an investment strategy and doing it as a business are two very different things. If you buy a house, fix it up and resell it while you're working another full-time job that provides the bulk of your income, that's an investment and the proceeds will be taxed as short-term capital gains (if you own it for a year or less) or long-term capital gains (if you own it for more than a year). A short-term capital gain is taxed at the same rate as your ordinary income. A long-term capital gain currently is taxed at 15% of the gain.  If you're doing it year-round that's a business and the IRS might consider you a dealer-trader.  Then your gain will be taxed as ordinary income no matter how long you own it, the real estate taxes and interest will be regarded as an expense and you'll have to pay self-employment tax of 15.3%.

By Carmen Villarma
President
The Management Group

Monday, January 30, 2012

Energy Saving Tips for Your HOA or Condo Association

Saving energy or “going green” in your condo association community doesn’t mean jumping off a cliff to embrace a drastically different standard of living. There are a range of things you can do--from small everyday changes to long-term rebuilding--- that will save you energy. This is not only good for the planet, but it also saves you money and can give you peace of mind knowing that you’re doing your part for the greater good of your community.

Here are some simple energy conservation tips all members of your homeowners or condo association can adhere to:

Assess how much energy you are using: Documenting your current energy use will help identify areas where you can save.

Buy Energy Efficient products: When purchasing energy-efficient appliances, look for the energy star logo, which indicates appliances that meet strict standards for conservation. Many of these products offer money-saving rebates, and your community association board should be mindful of this.

Reduce Usage: From electricity to heating and cooling systems, you may be using more than you need. Turn off lamps and enjoy natural light during the day. For home cooling, using air conditioning as a last resort to natural ventilation and shading. Use small space heaters to trap heat in certain places like work or sleep areas, or draw on the natural power of the sun for an active solar heating system.
Invest in An Energy Efficient Home: Design or upgrade your home with efficiency in mind. Ultra-efficient homes include climate-specific designs, built-in energy efficient appliances, solar water heating systems. Long term investments in energy-efficient construction includes proper insulation and proper ventilation for windows and doors. These designs provide energy conservation daily and add up to tremendous cost-savings in the long-run.

Landscape Strategically: Energy savings extend beyond the interior of your home and into your landscaping design. Trees planted strategically for shade can help reduce cooling costs while windbreaks can lower the wind chill in your home and save on heating costs. Talk with your association's landscaping company to get a feel for how they can make your development more eco-friendly.

Practice Water Efficiency: Save money by installing a new energy-efficient water heater in homes. Reduce your usage of hot water or lower your water temperature. The United States Department of Energy estimates that you can save between 3%–5% in energy costs for each 10ºF of reduction in water temperature.

Courtesy HOA Management