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20 January 2025 | 3 replies
Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that?
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23 January 2025 | 26 replies
I do like the tax benefits and leverage.
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14 February 2025 | 43 replies
Then purchase a Note, generate $250 - $300/mo tax free!
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28 January 2025 | 9 replies
So, in your considerations, I would park right there for a bit and determine how this would look for you.Since you have about 2.5 years to think about it before you would need to spring into action to take advantage of the rollover for tax advantages, maybe you try on a rental and see how it fits.
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27 January 2025 | 7 replies
I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require PMI which is an additional expense, and you also need bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.
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29 January 2025 | 3 replies
I also suspect inflation will drive continued migration to lower cost of living / lower tax states.
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24 January 2025 | 6 replies
As someone mentioned, the only thing passive about real estate investing is the tax treatment.
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23 January 2025 | 2 replies
Your problem will be them incurring capital gains taxes simply so you can get a commission.
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23 January 2025 | 8 replies
@Daniel Tanasa $1905 per month (mortgage +interest) , taxes (around 3600 per year) and insurance (1500 per year) => so 2330$ is my PITI