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27 July 2024 | 108 replies
Another path to consider is to sell them under a 1031 exchange and trade into higher-value real estate.
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1 August 2024 | 30 replies
(Super difficult to do a 1031, but not impossible).
31 July 2024 | 20 replies
Here are some quick tips to get more bookings:Make your title and description more fishing-focusedImprove your photos with better lighting or a pro photographerCheck prices of similar listings to stay competitiveOffer discounts for first guests in exchange for reviewsUse Airbnb's features like minimum stay and extra amenitiesHope that helps!
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30 July 2024 | 9 replies
Then, possibly you can outsource some responsibilities to a lead tenant in exchange for discounted rent?
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2 August 2024 | 39 replies
They basically stole $5000 from me in exchange for 5 "leads".
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31 July 2024 | 27 replies
Yes, you either need to find someone who knows how to do title searches and maybe will do them on the side for lower $$ in exchange for the volume of them you'll bring OR learn to DIY them, but need to be darn sure you're DIY'ing your searches just right!!
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25 July 2024 | 6 replies
In this section, I want to emphasize the benefits of seller carry financing, share success stories where it enhanced the deal, and highlight the tax advantages of utilizing a 1031 exchange.Seller carry financing is a powerful tool that allows investors to purchase properties with flexible terms and minimal upfront capital.
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29 July 2024 | 6 replies
In that sale, the sellers were elderly, sick, uncollectible, and a hefty upfront payment in exchange for a sub 2 would have actually benefited them more than an outright sale (long story).
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25 July 2024 | 8 replies
If you boost leverage to 75% the cash in your pocket is even greater and the returns get boosted again.Now go forward in time a few years and you can do a few things you can never do with a stock:If the property has appreciated, take out another loan and put more money in your pocket.Or, you could sell the property you can use 1031 exchange to buy a much bigger property, reset the depreciation clock and pay no income taxes at that time.
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24 July 2024 | 2 replies
Unfortunately, I now live in Japan and it seems like selling the HI property will attract Japan capital gains tax, regardless of US 1031 exchange rules.