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4 October 2024 | 39 replies
This is what I and many many others on this site did when we started. 25 is a great age to work very hard and see benefits in a very short time compared to a 35 year old with kids who has to outsource everything shooting for a 8-12% returns due to life obligations.
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25 September 2024 | 8 replies
If I invest a multifamily through a Roth IRA, will I still receive the same tax benefits as I would with personal cash when I file my tax return?
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2 October 2024 | 38 replies
Many of her points are actually designed to stimulate the real estate industry, which could benefit investors (although cause some unintended consequences to boot).
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30 September 2024 | 5 replies
This way, they can continue to receive steady monthly income without the headaches and responsibilities of managing the property themselves.Of course, I always recommend sellers consult with their accountant to fully understand the tax benefits, but many I’ve worked with have found this to be an appealing option.
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1 October 2024 | 16 replies
With rehabs you can get to significantly lower purchase prices and typically the lender will just be looking for a100k+ ARV so that you can refinance out of the loan once rehab is completed (100k as-is value is pretty standard for DSCR loans).With rehabs experience is the biggest factor to LTV and rate so partnering up with someone for the first one or first 3 will get you significantly better terms (working in the same area can also provide benefits in terms of LTV).
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30 September 2024 | 7 replies
Would need to know a bit more to say for sure, but be sure to ask about those benefits you might qualify for.
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1 October 2024 | 10 replies
PP stays the same, Payment stays the same, Seller keeps tax benefits, and you can structure ammortization within the payment schedule.There are a bunch of older guys in Tampa that teach this kind of structuring.
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1 October 2024 | 6 replies
The main reason is labor, and the cost to live around this area is not cheap, so skilled labor demands high wages and benefits.
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2 October 2024 | 71 replies
Plus, you get the added benefit of appreciating property values in promising areas.It's always great to connect with fellow investors who appreciate the value of tried-and-true methods.
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30 September 2024 | 4 replies
By changing the name, you retain the benefits of your existing LLC, including the D&B account, bank account, and business credit card.