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14 December 2024 | 36 replies
Luckily I was in a buyer's market at the time, but about 75% of agents did not even respond to me and I could not set up appointments online because I was not a MLS member.
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11 December 2024 | 7 replies
I have investors that I set up loans with private money that only use this method because of the speed.
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17 December 2024 | 16 replies
Challenges like this can ultimately set the stage for a better-performing asset in the long run.
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12 December 2024 | 6 replies
House hacking can also be a solid way to offset expenses early on.It sounds like you're diving in with a great mindset and skill set—being handy and managing yourself puts you ahead of the game.
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13 December 2024 | 3 replies
Having intentionality in your actions and goals set to enable you to reach that 1 real estate transaction milestone is important and will ultimately help you reach that sooner.
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9 December 2024 | 2 replies
SPECIAL RULES FOR SECTION 1031 LIKE-KIND EXCHANGE TRANSACTIONS, page 135 states:". 01 Taxpayers are provided the relief described in this section if an IRS News Release or other guidance provides relief for acts listed in this revenue procedure (unless the news release or other guidance specifies otherwise)..02(1) The last day of a 45-day identification period set forth in § 1.1031(k)-1(b)(2)(i) of the Income Tax Regulations, the last day of a 180-day exchange period set forth in § 1.1031(k)-1(b)(2)(ii), and the last day of a period set forth in section 4.02(3) through (6) of Rev.
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10 December 2024 | 3 replies
Pro:- it’s trained to look for safety risks, expensive repairs- within minutes analyzes entire disclosure packet of hundreds of pages- works as another set of eyes that looks for things you should be watching out for, likewise of a companion - great to quickly learn of property conditions from the actual documents while on the go (given that you still follow your own due diligence process)- beta is freeCons:- still in beta- can’t share report directly unless copy and paste- only core documents (home inspection, pest, roof, tds, hazard, solar) are supported but not regional specific disclosures like hoa- estimates it provides aren’t accurate- not mobile friendly
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15 December 2024 | 13 replies
., more than half of the calendar year) for the Borrower’s personal use and enjoyment"This means that you can only book it out on STR platforms for half of the year (50% max occupancy), which really sets a cap on your max income.
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9 December 2024 | 2 replies
Probably too small of a sample set here on BP, ask your lawyer or CPA to review
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17 December 2024 | 86 replies
Once approved set a goal- Let's say 4 fix & flips that net you $25K each; $100K; now you have a downpayment for one or more buy and holds.