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13 December 2024 | 4 replies
A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.
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15 December 2024 | 10 replies
Adding a lead filter may reduce/eliminate lead content, but they are still going to replace the pipe.
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10 December 2024 | 17 replies
Flat Fee buyer agency to reduce acquisition costs (get ~2% of the sales price back), and flat fee MLS listing to reduce selling costs to ~$500.
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11 December 2024 | 16 replies
I have seen a tax attorney on YouTube specifically saying you can take a full year of depreciation even if you buy in December but all I see in the IRS publications indicates that you have to prorate based upon the time it was available to rent.is there a rule I am missing?
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12 December 2024 | 13 replies
"As public records, the contract forms adopted by the Texas Real Estate Commission are available to any person."
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9 December 2024 | 5 replies
What are some pros that I can highlight from the seller’s perspective.Here are a few that I’ve come up with:1) monthly income at a higher interest rate;2) avoiding a larger tax bill by reducing the purchase price (on paper);3) a promissory note that they could potentially sell down the road.Any other major ones I am missing?
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12 December 2024 | 3 replies
If they refuse to pay you that amount, or reduce the purchase price by that amount, then you can decide whether you want to move forward with the purchase or not.I suspect it's not a large amount, so there's no need to make this a big issue.
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17 December 2024 | 20 replies
A cash purchase, added to my portfolio, reduces my levergage ratio on my real estate portfolio, but does not bring it to zero of course as I am not paying off existing low rate mortgages on rentals.
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11 December 2024 | 0 replies
For those managing active income streams—like wholesaling, flipping, or even running a real estate business—filing as an S-Corp can significantly reduce self-employment taxes.
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12 December 2024 | 9 replies
., rental income reduces or we got laid off), is it a good move?