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1 May 2024 | 16 replies
Reach out to some EAs or CPAs on this board privately and ask if they take IRS representation cases.BP rules prohibit us from contacting you, publicly or privately, even though you asked for help.
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30 April 2024 | 54 replies
Agian, the terms you use are totally irrelevant to the law, if more than two times a year you post on any public place that you are looking in anyway to be compensated even theoretically for a dollar for anything having to do with a real estate transaction and don’t either have clear title to that property or are properly licensed would in my reading of that law be in violation.
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30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
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29 April 2024 | 5 replies
If she sells the property before that date, she would not qualify for the full exclusion unless she meets certain exceptions such as unforeseen circumstances like job loss, health issues, or other qualifying reasons outlined in IRS Publication 523.Regarding prorating the exclusion, unfortunately, there's no provision in the tax code for prorating the exclusion based on partial years of ownership or residence.
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28 April 2024 | 13 replies
Hello everyone,
I recently became the owner of a home on Rural Street in Indianapolis, Indiana, and have encountered a significant issue that I hope some of you might have insights on.
When I bought the house, I not...
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30 April 2024 | 9 replies
Don't know about your area, but in California a high percent of plumbing wholesalers sell to the general public.
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29 April 2024 | 12 replies
Foreclosure is expensive and time-consuming, so most lenders won't even begin the process of foreclosure until payments are 4-6 months behind.In a non-judicial foreclosure state like Georgia, the four weeks of public notices are all the advanced notice you're gonna get as an investor!
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30 April 2024 | 16 replies
Huntsville is a very popular market (and there are short direct flights from DC too), but I would encourage you to take a look in Florence and Muscle Shoals, Alabama where we manage.If you are interested in the Shoals area, I can help you with insights regarding economic vibrancy, market dynamics, investment strategy, high-ranking public-school systems, etc... and a turn-key experience by helping you find an investment and managing it too.
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29 April 2024 | 9 replies
We also purchase the templates on Etsy, brand them to our company, and add the appropriate property details/photos, then create a public Canva link we share with guests.