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4 October 2024 | 27 replies
With our investing in lower-priced properties, we're far from being immune to these tax hits but can better absorb them with higher cash flow than most site-built single family homes.
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2 October 2024 | 11 replies
@Mike Farr I have not used any sites like been verified however you can go to the county clerk's website for the county where you are buying the property and search the owner's name and that will pull up a list of any liens that are on the property.
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3 October 2024 | 8 replies
You look for good houses, get okayed for loans, pick the best changes to make, plan your money, put your place up for rent in a smart way, take care of the house, list on many sites, borrow again, and use the new cash to buy another house.
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1 October 2024 | 2 replies
Are there any tried and true/ industry standard sites, forums, etc. where those looking to avoid capital gains look for investment properties?
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29 September 2024 | 8 replies
The seller retains legal title until the contract is fulfilled.Advantages:Lower Upfront Costs: You can avoid closing costs typically associated with formal closings.Control: You can take control of the property to make repairs and sell it while leaving the original financing in place.More Flexibility: Compared to a novation, a land contract offers you more control over the property since you hold equitable interest.Risks:Seller’s Cooperation: The seller retains legal title, which can complicate things if they change their mind or their financial situation worsens.Resale Issues: FHA buyers may require the deed to be in your name for 90 days before they can purchase, which could slow down your resale plans.Subject-To FinancingHow It Works: In a subject-to deal, you take title to the property while the seller’s existing mortgage stays in place.
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2 October 2024 | 2 replies
Some great resources would be here on BP, passive pockets, SEC edgar site (for example you can review Regulation A fund offerings as well as their financial statements to understand how to read audited financials).
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2 October 2024 | 3 replies
Also, some municipalities require that the property be your primary residence and that you live on site to manage.
2 October 2024 | 28 replies
Some areas may have restrictions that could complicate things, particularly around who can provide alcohol and to whom.If wine isn't an option, you could consider alternatives that are still local and personal, like a handcrafted bottle of olive oil from a local farm or even a basket of locally sourced snacks.
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2 October 2024 | 7 replies
If so you can still use the STR sites like Airbnb/VRBO and just have a 7 night minimum.
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25 September 2024 | 6 replies
Also, if I do, is there certain information that I should be gathering/evaluating, and certain questions that I should ask of the people working at the site to make the most of the visit?