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7 November 2024 | 3 replies
The plan is to: - Make regular payments on the seller-held mortgage for the agreed-upon term.- Pay off the balloon payment at the end of the term.- Immediately refinance the property with a traditional bank mortgage to pull out a significant portion of equity.
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8 November 2024 | 6 replies
It looks clean and bright and I never have to keep track of which color I used.
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8 November 2024 | 38 replies
I am not sure I've ever seen where the tax writeoffs are different for STRs than they are for MTR's or LTR's in terms of writing losses off against your regular income.
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13 November 2024 | 22 replies
As you said you are currently still employed there, so you can't do it right away until you leave employment there.Second, once you've rolled over, you can setup your SDIRA as a regular account (where fund release has to go via your custodian) or setup a LLC checkbook option, where you can write out a check for your choice of investments.Yes you will have full control over the use of funds in your rolled over SDIRA.
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8 November 2024 | 5 replies
You own it until you sell it.To make the most money as a wholetail you want to fix unattractive things (at low cost) and clean and spruce up the appearance as a whole.
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13 November 2024 | 66 replies
My student loan payments are $0, but the regular VA lender I've been working with told me they have to factor as if I'm paying $820/mo!
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14 November 2024 | 40 replies
If the inexperienced investor knew how much work, effort, time, analysis, negotiation, organization, capital, and knowledge it takes to successfully find, identify, evaluate, and close on a property that fits the criteria that gurus falsely claim they see 100’s of every day, 99% of them would abandon their real estate dreams” and pursue ostrich farms, mink breeding, or setting up a “down line” to sell condensed cleaning products that their “upline” has an exclusive distributorship on for the southwestern quadrant of Bisbee, Arizona.
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6 November 2024 | 2 replies
However, termites can be persistent, so a regular maintenance plan could add peace of mind and prevent future damage.For example, your pest control company’s plan charges $995 upfront for termites and $22 per month for ongoing treatment.
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6 November 2024 | 10 replies
During our first deal we'll look at communication and regular updates.
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7 November 2024 | 1 reply
here is the situation. i left a really good paying job to take care of my 81 year old parents because my dad is chronically ill and my mom is almost there. i wont go into too much detail, but my sis doesnt help them. ill leave it at that. we have a person who comes twice a week to help with cleaning and other household tasks. i carry the bulk of the weight cooking their meals, running errands, grocery shopping, picking up meds, and taking them to dr appointments. its a full time job. i get a small salary of $1000 a month from a care giver sub contractor for the VA. ive been paying my bills with what savings ive had, but only have a few months of funds left. i own a duplex. i have over 200k in equity. i live in texas and texas has weird laws about refi and heloc/heloans when the property is 4 units or less and owner occupied. i would rather not sell, but if thats my only option i will have to at some point.does anyone have any advice or possibly be able to point me to lenders who might be able to work with my situation?