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15 September 2024 | 11 replies
Well, the reasons given generally fall into two categories - either tax benefits through an “installment” sale or obtaining an interest rate on their capital greater than what banks are paying.In my 45+ years doing real estate deals, I’ve found maybe once that the tax argument was considered by a seller; further the “greater than bank rate” argument is completely irrelevant because - the proceeds of a property sale were never going into a bank account, at least not most of the proceeds.
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18 September 2024 | 3 replies
This strategy can be financially advantageous, especially with FHA financing.Remote Ownership Opportunities: Explore opportunities for remote ownership if you're open to investing outside of your local area.
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17 September 2024 | 4 replies
Hey Justin, You sound like a prime candidate to take advantage of section 121121 qualifiers Must live in the home in the past 2 of the 5 years 24 months non consecutive required Must have owned the home for at least 2 years Only one spouse needs to meet the ownership testBoth spouses need to meet the use test Neither spouse has excluded a gain / used section 121 in the past two years Must file jointly for the 500k exclusion
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14 September 2024 | 1 reply
Please share your thoughts:What are some of the most favorable terms you’ve negotiated with private lenders? How do these terms compare to traditional loan options?What strategies have you found effective in building ...
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16 September 2024 | 12 replies
I feel like it's more advantageous to pay off one house to save on interest, HOI, and have some cushion for repairs for the rental houses.
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18 September 2024 | 15 replies
DSCR and other products in the nonQM category allow you to close in an LLC as well which is important to some investors.
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16 September 2024 | 5 replies
Also, put any repairs pointed out by the inspector into the following categories (by priority)1) Health & Safety - to avoid tenant injury and potential lawsuits2) Property Preservation - to stop further costlier damages3) Government Required - city inspection repairs & S84) Marketing Negative Impact - who'll rent a house with purple bedrooms?
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17 September 2024 | 6 replies
., lawsuits from tenants), your personal assets could be at stake.Buying Under an LLC: Limited Liability Protection: The main advantage of buying under an LLC is the protection it offers.
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17 September 2024 | 4 replies
( I'm not interested in opinions on LLC ownership or pass through entities and the various tax advantages of those structures - It has to be a C-corp (but thank you anyway)).
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15 September 2024 | 0 replies
Is college NIL money in athletics a new tenant category that will continue to grow and expand?