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31 January 2025 | 17 replies
(Either with the roofing company, a heloc, or a personal loan.)Either way you will probably be way ahead on interest saved unless you have a sub 6% interest rate.
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6 February 2025 | 4 replies
I've personally sold a number of properties to VA buyers.
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5 February 2025 | 5 replies
If you need a conntection in Upstate NY I can direct you to the right person.
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28 January 2025 | 6 replies
My recommendation would be to engage an investment property focused realtor (not a general residential realtor) and let that person guide you through the process from pre-qualification to market/property valuation and selection.
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5 February 2025 | 9 replies
Connect with a housing coordinator if that position is available in your area and stay in contact with that person.
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6 February 2025 | 3 replies
Let's break it down with precision:The "Pain" (At First Glance):Your $2.8M sale splits out as:Building (§1250): $2.3MPersonal Property (§1245): $500KOriginal Basis Allocation:Building: $1.6M (depreciated over 27.5 years)Personal Property: $400K (fully depreciated)Building Depreciation:Annual: $1.6M ÷ 27.5 = $58,182Total over 10 years: $581,820Gain Breakdown:Building (§1250):Sale Price: $2,300,000Original Basis: $1,600,000Less Depreciation: ($581,820)Adjusted Basis: $1,018,180Total Gain: $1,281,820Unrecaptured §1250: $581,820 (25% max rate)Capital Gain: $700,000 (20% max rate)Personal Property (§1245):Sale Price: $500,000Adjusted Basis: $0Ordinary Income: $500,000The Strategic Play:Remember those suspended passive losses you couldn't use?
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30 January 2025 | 4 replies
I personally would fix the 3 windows and maybe consider cutting the rent a little more to gather more interest.
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2 February 2025 | 2 replies
With Tiny Homes, a person can get all the upgrades that want like that in a larger home.
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3 February 2025 | 7 replies
I have been to the 3-day and it is a well run event, by professional persons.
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29 January 2025 | 0 replies
Real estate investment is my future.This amazing voyage begins with setting personal goals and vision.