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11 October 2024 | 18 replies
Yup just a lead source nothing more.. hard sell FOMO high pressure tactics
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4 October 2024 | 5 replies
The current tax code provides special benefits in this situation.When the original owner passes away, the "basis" of the assets resets to the market value at the date of death.In the US, there is currently an estate tax exemption of approximately $13 million per person, which allows the basis to reset, and depreciation can start anew.This “step-up in basis” is particularly useful if the next generation wants to sell the asset.Since their basis is set at market value, if the property is sold at that value either at the date of death or within six months, there is no capital gain and no taxable event.There have been many examples where portfolios of fully depreciated real estate worth tens of millions of dollars have been passed down from one generation to the next, resulting in little to no tax liabilities for their heirs.Pretty cool, right?
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7 October 2024 | 2 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
10 October 2024 | 0 replies
Cheaper mortgage rates can lead to increased homeownership, potentially reducing demand for rentals and making it challenging for rental property owners to fill vacancies or achieve desired rental rates.
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7 October 2024 | 11 replies
I love that it has features to market the property, manage those leads, screen tenants... and also manage leases, collect rent, etc.
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4 October 2024 | 16 replies
I believe it's important to understand there are certainly examples of investors who succeed with the use of the section 8 rental program but there is generally an underlying thesis that leads to the success, not the section 8 program or "guaranteed rent" in itself.
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9 October 2024 | 15 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
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3 October 2024 | 7 replies
If you refinance it as your primary residence, then yes, you will be signing a new Mortgage at closing that says you intend to occupy for 12 months, essentially resetting your clock to another 12 months.But here's the huge kicker.
6 October 2024 | 3 replies
A strong labor market can lead to wage growth, which further fuels inflationary concerns, making the Fed less inclined to cut rates in the near term.However, many recent jobs reports have been revised downward after their initial release.
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7 October 2024 | 2 replies
This can lead to missed opportunities, especially when speed and flexibility are crucial.Personally, I’ve seen investors switch to creative or alternative financing options, like hard money loans, private lending, or even seller financing, to avoid some of these pitfalls.