
28 September 2024 | 13 replies
Connecting with locals who have experience in this area is a fantastic way to gain insights and avoid common pitfalls.Since you’re looking to buy in the next 12 months, I recommend starting by networking with other investors and real estate professionals in the area.

30 September 2024 | 9 replies
Since you’ve already gained experience with partnerships and deal structuring, those skills will serve you well in any path you choose.

1 October 2024 | 29 replies
If you do not sell all units you can benefit from the capital gains tax.

30 September 2024 | 9 replies
Also your capital gain is lowered the more you bonus.If you are going to accelerate you need to really consider how much personal property there, how long you're going to hold it, any offsets available, alternative transaction structures like installment sales or even delaying it a year.Publication 5653 (6-2022) (irs.gov)It lists four more including the ones below.The detailed engineering cost estimate approach (or detailed estimate approach) is similar to the detailed cost approach.

30 September 2024 | 21 replies
Some people say that is not the 'fastest way' to gain wealth in RE is to highly leverage and go big.

3 October 2024 | 29 replies
After you do that get to 5 million dollars in real estate that is when everything really starts gaining traction and your wealth turns into a run away train.

28 September 2024 | 3 replies
I gained one additional renter, adding $800 more monthly rent income, and we build approx $40-$50K of equity.

27 September 2024 | 16 replies
First thing I see is you're close to hitting the 2 years OO for a tax free sale on any gain...obviously you don't currently have any gain, but if you can wait it out then any future gains would be tax free...it gives you some wiggle room later.

28 September 2024 | 14 replies
It's not a zero sum game and they don't have anything to gain by telling you straight, ie they're not going to tell you it's a chump fund if the underlying structure is solid.

29 September 2024 | 8 replies
You make the mortgage payments on their behalf.Advantages:Full Ownership: You gain full legal title to the property while keeping the favorable 3.25% interest rate.Control: You have more control over the sale because you hold the deed.Simpler Resale: Since you hold title, you avoid the complications of a land contract when reselling, especially to FHA buyers.Risks:Due-on-Sale Clause: The lender could potentially enforce the due-on-sale clause if they find out you’ve taken title, though this is relatively rare in practice as long as payments are made.Higher Closing Costs: You would need to close formally and cover title, closing, and potentially transfer costs.3.