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19 November 2024 | 12 replies
I have stayed at many STR and have never had security system that I have access to and it hasn't been a problem.
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19 November 2024 | 5 replies
I have seen instances where a 1031 exchange was not required such as1) The overall gain from the sale of the investment property was very small or even negative2) The taxpayer had enough passive loss carryforwards to offset the gain.A 1031 exchange is a very powerful tool put it has to make sense before going forward.
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19 November 2024 | 6 replies
There will be a consultation and assessment to determine your business goals, strategies, etc.Research to identify the grants that are most aligned with your goals and strategies.Preparation of documents using a checklist to simplify the process.Application submission.Follow up with you, the client for clear compliance and reporting expectations once a grant has been awarded to you.Here are a few resources for accessing grant funding:Grants.govUSA.gov/GrantsNational Institute of HealthSmall Business Administration - GrantsHave you utilized grants in your real estate portfolio?
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14 November 2024 | 10 replies
It is a good group of like minded investors and I think the value you would gain there would be very beneficial as you get started.
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18 November 2024 | 17 replies
Then comes Chip and Joanna Gaines and their hit show "Fixer Upper".
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18 November 2024 | 5 replies
Although they can't leverage the losses to offset non-passive income, like someone with REPs, there's still the opportunity to use the Suspended Passive Activity Losses to offset cap gains on sale or offset other passive income.
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14 November 2024 | 10 replies
This property can be refinanced at any time you feel is right after the 1031 exchange is complete to buy other property or access funds for any reason.
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21 November 2024 | 23 replies
You do not get access to rehab funds until work is completed.
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19 November 2024 | 7 replies
I don't know much more specifically so ask your CPA about gift taxes (I think she could give you $17k of gift money a year without taxes) or capital gains taxes if/when you want to sell.
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21 November 2024 | 23 replies
Being in North Carolina gives you a great mix of in-state potential and easy access to nearby markets.As you connect with others, don’t hesitate to ask about any specific steps in wholesaling, flipping tips, or how to evaluate rental properties.