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7 December 2024 | 9 replies
I'm still doing some thinking about which strategy, cash flow vs. appreciation, makes the most sense for us as a family.
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7 December 2024 | 2 replies
I had not thought of that, but it makes sense.
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13 December 2024 | 16 replies
that didn't make sense to me that if i have my ira with you then you will put who the owner is but if i don't have it with you you wont' put anything.anyways, she def didnt' give me indication that she exactly knew. maybe i had a bad agent and since i was already skeptical of using a small bank, that def turned me off.at chase my account shows that it's a business account under an llc. i am the manger of llc, the only thing that worried me is that they put me as a the owner of llc. this seemed no diff to me that when you go get an ein, it also puts you the owner of llc. if irs itself can have this limitation in getting the ein, then surely they would understand the limitation of the bank. besides, i have a fully complying operating agreement in which i have a clause that explains while irs ein letter shows me as the owner, in reality it is my ira that is owner and that that there are limitations on irs website when obtaining an ein. i will jsut be adding a similar explanation in my operating agreement about bank acct and have all the supporting documentation in case if it's ever needed. but that's where i am at.i wish this process was simpler/ easier. it is also very frustrating that the custodian doesnt' telll you anything. they all market you can have a checkbook ira but don't really guide you in HOW to do it practically. all these rich ppl are doing it and i doubt they are going through all these hoops. ...
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12 December 2024 | 49 replies
But, ultimately, it could work if you don't mind a low ROI.It could make sense if you look at a lifestyle rather than an investment purchase and you're just happy to cover your costs.
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8 December 2024 | 26 replies
There is much confusion about the 4% and 6% in property taxes.Non owner occupied property is taxed at 6% of the value to get the taxable value.This does NOT mean your actual property tax is 6% of the purchase price for rental property,In reality property taxes are about 2% of the purchase price for rental properties and about 1% of the purchase price for owner occupied properties.Google Greenville County Property Tax estimator and play with it and get a sense of how it works.3.
7 December 2024 | 4 replies
I am currently negotiating on a 12 unit deal and am struggling to make the numbers make sense.
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5 December 2024 | 7 replies
With where prime is for HELOCs unless you had a deal you could get off that line quickly, it might make more sense to hold off realistically.
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5 December 2024 | 34 replies
Getting solar without having battery backup does just not make sense.
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6 December 2024 | 2 replies
And then we negotiate with the owners on the "owner financing" options that they would give to us (if they are even open to it).If someone needs "private financing" or "alternative" financing...we can still make our normal realtor commission here and then they can show for any property.I hope some of what I am saying makes sense.
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8 December 2024 | 14 replies
Seller financing may make sense for some sellers but probably not those looking to scale their portfolio.