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4 January 2025 | 5 replies
Depending on your loan it might only work in the STR game.HOA’s normally do not allow in the Oceanside area but if you get on the beach then they do with restrictions.If you want a personal consult let me know.I have a team here in Oceanside, Carlsbad.
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9 January 2025 | 11 replies
The IRS generally does not allow you to deduct expenses for a property that has not been placed into service, as deductions typically apply to operational properties actively being used to produce income.
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15 January 2025 | 18 replies
While rates for the new loan will be higher, keeping your existing loan intact on the remaining balance preserves that low-cost debt.Use the equity to purchase properties in higher cash-flow markets while retaining ownership of your Bend property.1031 Exchange:If you do sell, a 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds into like-kind properties.
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6 January 2025 | 14 replies
I have talked to the park management, and they said current owners do allow renting out as a rental, but the tenants would need to be approved by them.
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7 January 2025 | 4 replies
With our unique model we allow those to scale quite quickly.
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13 January 2025 | 16 replies
My memory is that there was a time when we were not allowed to require them, but maybe I'm wrong or maybe the law changed back.
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8 January 2025 | 0 replies
Together, we negotiated a great price of $20,000, allowing us to allocate more funds toward renovations while ensuring profitability.
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9 January 2025 | 0 replies
Price RangeDefine your financial boundaries based on available capital and borrowing ability:For Class A & B, financing typically covers 75%-80% of the purchase price, allowing you to buy properties in the $6M-$12M range if you have $2.3M total cash.For Class C & D, due to higher risk, the price range might be reduced to $5M-$10M with the same cash.5.
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5 January 2025 | 7 replies
This would probably allow me to qualify for the FHA loan if this is true since the giant loss is throwing off my DTI.
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8 January 2025 | 10 replies
The good thing about condos is that no permits are required; you only need to ensure that county zoning and HOA allow for it.