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24 February 2025 | 20 replies
@Austin Williams yes you can do a 100% cash out refi on your existing home with a VA loan, but keep in mind that you would need to finance it as a primary residence, which resets the 1 year clock that you need to occupy the property.
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25 February 2025 | 13 replies
No thanks.I look at real estate as a lifetime investment, and hopefully future income for my kids and their kids.If you bought a cabin last year and already want to sell, you probably didn't go in with a reasonable expectation of the investment.
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12 February 2025 | 0 replies
"The market power of our investors reflects the depth of commitment to the success of this exchange, not just in the early years but over the next decade and beyond."
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3 February 2025 | 3 replies
but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor) in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.
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8 February 2025 | 8 replies
@Matthew McleanBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
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27 February 2025 | 14 replies
You're going to have other trade offs like higher interest rates, shorter loan terms (like 3 or 5 years) and maybe more lending fees.
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10 January 2025 | 67 replies
I just went through this last year, but after 20 years.
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13 February 2025 | 3 replies
With absolutely no prior experience investing in real estate, I'm getting to the point/age where retirement from corporate America is getting closer and closer, however I still have 2 kids to put through college over the next 2-6 years.
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12 February 2025 | 8 replies
I am currently in my junior year of high school, and I have all AICE and AP classes, which allows me to get a full ride to college.
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6 February 2025 | 3 replies
You would not need to do that quarterly, but yearly isn't terrible.