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12 January 2025 | 1 reply
Any advice on securing financing for potential buyers would be greatly appreciated.Personal Experiences: If you’ve owned, sold, or rented out a geodome, I’d love to hear about your challenges, successes, and any tips you might have for marketing or managing this type of property.Thanks in advance for your insights!
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17 January 2025 | 7 replies
I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.
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22 January 2025 | 9 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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15 January 2025 | 9 replies
Welcome to the community and be ready for a huge amount of information at your finger tips.
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20 January 2025 | 1 reply
I have also been doing quite a bit of research on Loan's, tax consequences etc., and am working towards being a expert in this niche.
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22 January 2025 | 9 replies
Your loan will be $1,100 a month, add insurance and property tax.
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12 January 2025 | 1 reply
Has anyone done something like this before and has insight/tips/advice?
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23 January 2025 | 6 replies
I’m sure you won’t be verbally assaulted about how greedy you are Basically they were gifted $60-$120k tax free.
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16 January 2025 | 6 replies
Don’t want to pay taxes on the capital gain.
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23 January 2025 | 6 replies
Some thoughts to consider:If you sell now, you are unlikely to pay capital gains taxes as your first 250k (500k if married and filling jointly) aren't reported.Doing your first rental remotely is undesirable without 1.)