Jessica Javier
Rent to own
30 August 2024 | 1 reply
You usually pay an upfront option fee (around 1% to 5% of the purchase price), and a portion of your monthly rent may go toward the purchase price, helping you build equity over time.Pros: Flexibility: It’s a great way for buyers who might not qualify for a mortgage yet to secure a home while improving their credit or saving for a down payment.
Cody C.
broker fee in Brooklyn, NY rentals
30 August 2024 | 2 replies
I have always preferred to use an agent to rent out my BK units, as I find renters that are paying the fee are more likely to stay for longer durations, and be better qualified tenants.
Mike Schorah
Is this what’s causing negative cash flow across the country?
30 August 2024 | 3 replies
But vacancy rates doubled which wipes out your profit to the point of negative cash flow territory if you have a newer mortgage with a higher rate.The number of inquiries have gone up exponentially but the number of qualified renters have gone down exponentially.
Alex P.
Taking title as individual instead of Single-Member LLC in 1031 exchange
29 August 2024 | 6 replies
If you sold a property before talking to a qualified intermediary, and are holding the cash yourself, you have already lost the opportunity to do a 1031.
Scott Simmons
Assuming a VA loan true a Subject to
30 August 2024 | 3 replies
Assuming a loan and using Subject To are two entirely different things.If you can't qualify to assume because of DTI, then you shouldn't think about Subject To either.There are serious risks in a Subject To and it's only for well funded, experienced investors, with an exit strategy.
Travis Bobo
is this a scam or legit?
2 September 2024 | 34 replies
Side note, I'm pretty sure you can search the forums and see wholesaling mistakes, costs, etc.How do you qualify that coach?
Sachin S.
STR tax strategy to offset W2 when I buy land first and then build home ?
30 August 2024 | 6 replies
Get advice from qualified tax professionals.Having said that, talking with an architect about a build is no different than what anyone would do building a home.
Keith Mintz
Has anyone heard of a lender that will calculate a loan based on room rental?
30 August 2024 | 8 replies
. ;-)True but on thing to note: the AirDNA projected income qualifies a deal, but we do not value it off of the rental amount.
Cherry Mae Bimbo
When to include appliances in a cost seg study
29 August 2024 | 2 replies
For 2024, bonus depreciation allows for 60% of the cost to be deducted in the first year for qualifying assets.
Mike Shahi
New construction/capital gains/death of parent- need tax advice
29 August 2024 | 4 replies
Dad will now only qualify for 250k capital gains tax exclusion and will probably end up having to pay taxes that eats up the profit.