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29 August 2024 | 6 replies
@Alex P.Here's a few references to start that may help you to find the answer to your question: Treasury regulation §301.7701-(3)(b)(1)IRS Private Letter Rulings 9807013, 200732012 and 201216007If you need help finding these or interpreting them, as well as knowing how reliable they are for you to use for your own taxes, consult a tax professional.
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29 August 2024 | 6 replies
@Chandra Faulk, What you're refering to is what we call a diversification exchange.
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31 August 2024 | 16 replies
I see people keep referring to tax strategy and buying/selling properties.
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29 August 2024 | 3 replies
On this site you will get investors that have Rockstar realties 5 states away, and realtors themselves.Do yourself a favor and get your boots on the ground, meet some locals, and get references.
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30 August 2024 | 11 replies
The business accounts are referred as Business Brokerage and the personal accounts Cash Management - each type has two offerings, one offering with a higher interest rate paid on cash balances.
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30 August 2024 | 12 replies
Hollistic REI was referred to me by Real Wealth Network, based here in California.
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28 August 2024 | 5 replies
How do I approach a potential buyer/real estate investor or as they refer to them "cash buyers"?
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29 August 2024 | 5 replies
Hopefully someone from the area can chime in but shopping quotes from reputable and well rated or referred PMs will illustrate a better picture for you.
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28 August 2024 | 2 replies
Aldo - I've inquired with Hemlane and their services and know a reference or two that actually use Hemlane.
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31 August 2024 | 22 replies
I'll break it out for you.Gross Salary: $80,000/yearGross Salary per month: $6,667/monthAfter Tax Salary per month (not including 401k investing (which you should be doing, but I get this is a real estate message board and this concept is not popular): $5,434Purchase Price: $600,000Interest Rate per Calculator: 6.941%Downpayment: 5% or $30,000Financed Amount: $570,000Mortgage: $3,769.67Property Tax: $600Insurance: $125Other Costs (per calculator): $333.33Total Monthly Payment: $4,828/monthAfter Tax Salary - Your New Homes Cost = $5,434 - $4,828 = $606CONGRATULATIONS, you are what is referred to as "house poor."