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31 July 2024 | 5 replies
I think you crossed 2 of the more common real estate tax benifits.Section 121: Primary Residence Capital Gains Tax Exclusion What it is: Excludes up to $250,000 ($500,000 if married) of capital gains when selling your primary home.
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31 July 2024 | 8 replies
I recommend you read "Long-Distance Real Estate Investing" by David Greene and consider investing in a different market.
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30 July 2024 | 6 replies
Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?
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31 July 2024 | 46 replies
If you don't want a house look in Cagan's Crossing, there's some nice condos and townhouses in there.
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30 July 2024 | 9 replies
They are a much forgotten group and that's kind of a disgrace.I also have great deals cross my desk all the time in PA and S.Jersey, be happy to share if you ever wanted to take a look.
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31 July 2024 | 5 replies
I am from northwest Florida and very green to real estate investing.
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31 July 2024 | 13 replies
I was pretty aware of his information being a little outdated but as someone new into real estate flipping it crosses your mind a few times.
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30 July 2024 | 4 replies
@Krishna SurendraRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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30 July 2024 | 3 replies
DSCR requires No income, No Taxes and Commercial requires a PFS, occupancy ratios usually above (90%), Credit scores above 720+ much higher assets for (PITI reserves and overall risk, landlord seasoning, and more.A Heloc can be used in most cases for anything but when you are trying to buy a commercial building which is higher risk, the committee/UW can and in most cases will deny it if they feel you are over extended low assets or with no landlord experience, unless you have a meaty amount of equity to cross collateralize for a junior lien on another property.
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29 July 2024 | 21 replies
Still not sure it makes sense, but worth a look.If you want to be green, just buy a green energy plan from your electric provider if you have a choice of providers/plans.