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21 January 2025 | 14 replies
New realtors, new realty companies, new PMs aren't going to have those established relationships and *no* PMs give up the names of their people to anyone else because getting good people is difficult.
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7 February 2025 | 6 replies
However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.
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27 January 2025 | 0 replies
The Midwest and Northeast saw the biggest year-over-year growth in new-home sales, with jumps of 40.3% and 25.9%, respectively.
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3 February 2025 | 5 replies
Well I may not be the most seasoned in the world but my wife and I have established processes that work for us.
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6 February 2025 | 5 replies
Hi Sean from Upstate New York-You have a full time career and have been studying real estate investing.You are asking yourself if you should accumulate properties one by one or a bunch all at once from an investor selling their portfolio.Personally, I would advise you to accumulate your properties one by one using the buying criteria you establish.
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28 January 2025 | 9 replies
Quote from @Erik Estrada: Quote from @Mario Morales: Quote from @Erik Estrada: Hey Mario, I think you should first establish whether or not this is a non-owner occupied rental property or if this is just a primary residence refinance.
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20 February 2025 | 9 replies
We (and others who appreciate these properties) tend to be very respectful of each property and always leave it better than we found it (think “leave no trace” principles).
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30 January 2025 | 8 replies
Quote from @Brandon Larson: It's important to have established policies and procedures, but I wouldn't put a lot of effort into that with only a duplex under management.
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30 January 2025 | 4 replies
I am about to settle on an established rent-by-the-room that is within the same few blocks.
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21 February 2025 | 22 replies
Once you use those to establish your experience (along with appropriate LLC Operating Agreements to show involvement of owning LLC) then 2025 should send you to the moon!