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13 January 2025 | 9 replies
Look into connecting with some local investors, they typically have meet-ups often and swap stories and different strategies.
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13 January 2025 | 3 replies
But once they give it to you, you inherit their cost basis and have a taxable gain.
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7 January 2025 | 3 replies
Yes, any cash you take out of a 1031 exchange that isn’t reinvested into a like-kind property is considered “boot” and is subject to capital gains tax.
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23 January 2025 | 20 replies
If we get the impression they aren't committed or if they are looking for a "get rich quick" scheme, we typically don't accept them in the community.
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3 January 2025 | 5 replies
Typically in my experience EVERYONE is happy to help.
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15 January 2025 | 15 replies
If all things are the same a 3/2 will command a higher price than a 2/2, and typically as a property gets more expensive the average length of stay goes down.4.
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10 January 2025 | 23 replies
Typically, the initial upfront for the rehab is either cash or a high interest loan (hard money or private).
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6 January 2025 | 31 replies
Small businesses are typically valued at a multiple of SDE.
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15 January 2025 | 9 replies
Since the payment was deposited into your account on 1/6/2025, it would typically be considered income for 2025, even though the tenant paid it on 12/31/2024.However, if you use cash-basis accounting (which most landlords do), the key factor is when you physically receive the money, not when it was sent or owed.
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5 January 2025 | 18 replies
At the same time, my market appreciates well so I gain significant value by holding on for the long-term.