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14 December 2024 | 101 replies
I must admit their sales pitch is effective.
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13 December 2024 | 3 replies
I saw someone post in a group who I think is a schmuck brag about hitting a specific figure for their training and I just shook my head - like wow - this person is a great sales person and just steals the same lines from the business book about working hard and throwing out some slick slogans - but man oh man - when real estate gets hard people move to being a guru - just look at FB ads right now - many are not funds anymore but how to raise money, how to do X.
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14 December 2024 | 1 reply
Purchase price: $430,000 Cash invested: $46,618 Sale price: $589,000Fix and Flip in CB PP 430k Reno 46K Sold 589k ~ 3 Month TurnWhat made you interested in investing in this type of deal?
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7 December 2024 | 1 reply
In working on construction loan financing, the lender informed me I'll need to unencumber that portion of the property (makes sense) before closing on the construction loan.I understand there to be two methods generally speaking: refinancing my mortgage and removing that portion of the property in the process OR attaining a partial release from the lender to remove that land.I *strongly* want to avoid refinancing as I have an amazing rate, but partial releases seem complex and also require a survey.
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17 December 2024 | 86 replies
Then, you need to study the IRS Publication 523 regarding the Sale of a Residence.
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16 December 2024 | 11 replies
My suggestion would be to go back to your rental listings, and make a comment that the properties are not for sale.
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13 December 2024 | 24 replies
I want to start to build my portfolio to a point that I can jump into real estate sales full time but still have some cash flow I can rely on.
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15 December 2024 | 2 replies
1031 exchange from a sale of a rental property plus HELOC to fund the remaining.
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14 December 2024 | 3 replies
There is plenty of good turnkey properties on the MLS for sale that would cashflow using the 1% rule and you wont have to overpay for them on a "promise".
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14 December 2024 | 6 replies
I would imagine the bigger loan origination companies out there who underwrite like robots because they are lining up the sale before closing will be the exception and require those docs up front.