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3 August 2024 | 3 replies
Please be gentle; I'm new at this and it's pretty complex :)Structure / Legal Details- we'd establish market value through a combination of comps from local real estate agent and an appraisal- attorney would establish all required "arms length" aspects including a mortgage at a minimum standard federal rate- LLC would pay us back based on a standard promissory note over 30 yrs Pros of selling to the LLC (I think)- A sale now would be the only time we'd be able to take advantage of the cap gains exclusion on this house bc we won't qualify for the "live there 3 of 5 years" rule due to the timing of our lease and our last time of residence.
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6 August 2024 | 49 replies
Our first two projects were conservative by choice and combined yielded in excess of mid six figure return.
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5 August 2024 | 21 replies
I like Bhargav's suggestion, maybe using a combination of leverage and cash if you have $1 million.
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1 August 2024 | 2 replies
I think another element, especially in major cities, will be an attempt to lure tenants through better amenities, competitive rents, and employee-incentives.
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2 August 2024 | 2 replies
His & my verbal conditions were he move in and we'd take care of bills combined while I took care of the mortgage for the year, then I'd refinance.
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6 August 2024 | 54 replies
Strong public education is a foundational element of democracy and an important part of maintaining the middle class.
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1 August 2024 | 2 replies
DSCR portfolio loan that can combine SFH’s within a city and some potential rural SFH’s.
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2 August 2024 | 4 replies
And also know that if you make more than $200-250,000 in combined investment income in a year there is a 3.8% Medicare surcharge on top of that 22% or whatever percentage.Best advice - start with a very cosmetic flip.
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7 August 2024 | 73 replies
This combined with the city's approval on a massive amount of construction spiked inventory, then crime went up, and then the rates went up.
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2 August 2024 | 53 replies
When people exchange that 25-30% of income for housing expense to 40-50%, and combine that with stagnant income and increased housing costs for down payment, they'll never be able to save enough for down payment and closing costs.