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28 January 2025 | 11 replies
In addition, due to the 2 of 5 year rule there often is no need. 2) you cannot 1031 a property that has not been put into service to be an investment property 3) you cannot 1031 a flip.
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22 January 2025 | 203 replies
Every coffee shop and restaurant has outstanding service.
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22 January 2025 | 8 replies
Quote from @Melanie Baldridge: Why I like investing in real estate more than 401(k)s.Both offer tax deferrals, but here's the difference:If you're making pre-tax contributions to your 401(k), then withdrawals = ordinary income tax.With real estate gains, you're paying capital gains tax (which is typically lower).Plus, RE investors get:1.
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19 February 2025 | 2 replies
Nashville has been growing luxury offerings with the openings of hotels like the Four Seasons Hotel Nashville, SoHo House Nashville and 1 Hotel Nashville and restaurants like Craig’s, Sushi Bar, Joe Muer Seafood, Harper’s and more (CoStar).Today’s Interest Rate: 7.02%(👇.03% from this time last week, 30-yr mortgage)Fannie and Freddie: What are they?
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7 February 2025 | 10 replies
Mainly because, while I think there are some that offer truly valuable information, you need to know where you "holes" are to make sure you are plugging those.
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25 January 2025 | 155 replies
Never had a pure wholesaler approach me for this service ..
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24 January 2025 | 36 replies
I'm planning to put in my first offer on my first rental on a SFH in Kansas City in the next day or two.$140k offer8% interest rate20% down8% management fee5% vacancy5% maintenance 5% cap exI haven't gotten insurance costs yet but it's been suggested that I plan for $2k per year.
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24 January 2025 | 0 replies
A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.
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25 January 2025 | 1 reply
Pro Tip: Ask an insurance agent what your rate will be before you make that offer.
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17 February 2025 | 6 replies
On the other hand, many landlords were able to obtain low mortgage rates during the historically low interest rate environment during the Pandemic, allowing them to offer a much more attractive housing cost to renters.