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7 December 2024 | 4 replies
But since it was being used for investment when you sold it you also qualify for a 1031 exchange.If you find that you still have any taxable gain leftover after the primary exemption, then you can indefinitely defer that tax and not have to recapture any depreciation in a 1031 exchange.
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7 December 2024 | 2 replies
For a month-to-month lease that isn't under any lease agreement, what could the seller legally do to get the home sold off-market?
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7 December 2024 | 5 replies
I have done this few times and then compared the sold price to my numbers.
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7 December 2024 | 8 replies
I recently sold a house and they had a home inspection and they came back with a list and I simply told the buyers , No to any price reduction or the "repairs" .
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13 December 2024 | 13 replies
I sold a smaller property and was able to use the 1031 to purchase a bigger property and that deferred the tax.
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7 December 2024 | 14 replies
We had to discount the heck out of those to get them sold.
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9 December 2024 | 5 replies
Also you would not reduce the price because of the interest payment. that is not how it works.3. yes the note could be sold, but at what type of discount and what if the borrower stopped paying.while there are a lot of posts on seller financing, some estimiate less than 1% of all transaction have seller financing and the ones that do are first position only with an average of 30% down payment - most of these are to people who do not have verifiable income.Thinking you will get conventional financing then seller financing will be uphill battle as the conventional lender most likely will not approve a 2nd mortgage for purchase.not trying to dissuade you, just wanted to provide some key insights so you do not spend 1000 hours chasing something that is impossible to find.
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3 December 2024 | 19 replies
Rabbu: Rabbu is a free tool to analyze STRs, but provides a significantly more conservative look than realized data, and tends to be less accurate than AirDNA.
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6 December 2024 | 17 replies
Use tools like the BiggerPockets House Hacking Calculator to analyze deals, get pre-approved for a mortgage, and begin with a manageable property to build your experience.Good luck!
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6 December 2024 | 34 replies
I can't image people are really using it on a large scale.Last night I decided to try the bulk upload tool for the first time, a list of about 400 leads, from an area 2 hours from me.