
22 January 2025 | 22 replies
If any of the proceeds touch the sellers hand the IRS sees it as taking profit and you will have to pay taxes on that portion.Net proceeds - Is the net sale, minus any Equity in home being sold.I find a lot of investors who want to purchase less than their reinvestment requirements will do the calculation to see what their tax burden would be if they purchase less than they sell.

15 January 2025 | 13 replies
A3: Zelle payments require 1099s.

21 January 2025 | 6 replies
Known as an Improvement or Build-to-Suit Exchange, the process requires a Qualified Intermediary (QI) to hold the proceeds, and an Exchange Accommodation Titleholder (EAT) typically oversees the improvements.

21 January 2025 | 14 replies
Your payment requirement would rule you out for us.

25 January 2025 | 24 replies
Newer construction code requires better earthquake-proofing, but it's still aimed at preventing a building collapse rather than holding the value of the structure.About 15 years ago there was all the talk about "100 year homes" but I haven't seen much come of that.

22 January 2025 | 14 replies
On the buildings that require plowing, we have a great vendor who charges far less than what you are paying.

14 January 2025 | 19 replies
I forget; it was payment processing related) that required me to have a website for the business.

16 January 2025 | 8 replies
This requires a dedicated effort sourcing and analyzing hundreds of deals to find the one or two worth pursuing.

13 January 2025 | 15 replies
I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.

16 January 2025 | 21 replies
What kind of seasoning is generally required as it relates to the rents/revenue as it relates to servicing the note, etc...I currently own one PadSplit (acquired via Subject-to) that has been up just over a month.