22 July 2024 | 10 replies
@Jacky Fan Here is some more information on whether you can 1031 a personal house:https://www.1031exchangemadesimple.com/personal-residence.ht...The general theory seems to be that if your home wasn't used for investment purposes during your ownership, then 1031 doesn't apply.
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21 July 2024 | 1 reply
I don't like the terms and would try to avoid.We could still do a conventional loan and if I'm not mistaken it'd be this whole "gift money" thing so the shared ownership wouldn't be recognized legally.
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21 July 2024 | 10 replies
(You mention "I work for a single owner")Or do you have ownership in the 150 units?
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21 July 2024 | 2 replies
Building your net investable assets to their highest amount will enable you to meet all your financial goals, including your target passive income.As an example of this (I’ve used this example in a previous post) I had ownership in a retail/service center I desired to sell.
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22 July 2024 | 38 replies
It would be in line with the typical theory that sfh are going to generally get a more long term, serious, “pride of ownership” type resident..but it’s not always the case…good screening is a better strategy than avoiding mf..in my opinion
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21 July 2024 | 9 replies
. :-)I wonder if you could take another actual cabin and do a 5 year example of ownership on the actuals for that cabin and then put that those numbers can't be used as a guarantee for any other cabin's future returns.
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20 July 2024 | 8 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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20 July 2024 | 4 replies
However, the LLC will not be liable for VA loan mortgage payments.Also remember, any given loan provider DOESN'T CARE about your asset protection, the loan provider only cares about protecting its interest on the payments due.Essentially, a refinance will allow ownership and loan program conversions.Loan transfer restrictions on VA loans do exist, so tread lightly.
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20 July 2024 | 24 replies
They certainly don’t do any sort of ownership verification before allowing you to list a property.You’ll no doubt hear from the BP community here (probably even before I finish typing this) that despite all the Instagram millionaires STR arbitrage is not a good business model and is generally discouraged.
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19 July 2024 | 14 replies
Should a family issue arise, you have zero ownership and basically zero legal say.