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5 February 2025 | 3 replies
Move in ready no need for rehab.
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12 February 2025 | 7 replies
It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.
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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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5 February 2025 | 2 replies
Ensure your mortgage lender is requesting documents upfront early in the closing period so there is no last minute suprises3.
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6 February 2025 | 5 replies
Most of the properties we acquire are with little to no money down (even $0 down!)
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18 February 2025 | 7 replies
No one can predict the future but generally speaking you are probably fine over the long run.Did your Realtor not mention the proximity to the freeway?
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11 February 2025 | 16 replies
We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).
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23 January 2025 | 30 replies
For example - 7e does not own a thing, so a bank probably has no idea who 7e is.
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10 February 2025 | 21 replies
if its a rebrand of do hard money look at old threads on BP.. these guys while not a scam many that posted on BP lost their 2300.00 because no deals were ever good enough and so they gave up and lost the deposit.. back a few years ago it was 3k.. great bizz model make 3k and and dont fund anything or very few according to others that posted.
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2 February 2025 | 9 replies
My state is very fair to landlords, but there's no way to win this scenario.