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30 May 2019 | 7 replies
I would also suggest speaking to an income tax professional as the IRS might not consider this an arms length transaction and subject to gift tax
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2 August 2018 | 4 replies
Its in a B neighborhood and is a C property (Just for a backdrop)Asking price- $239,900Taxes- $3,085/yearInsurance estimate- $840/year Income-$2,200/month Down payment and rehab -$30,000 all form an equity line btwinterest rate - 6.25% (7 year ARM)Utilities payed by tenet Will be self managed At full ask im looking at a 9.4% Cash on cash return.
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24 February 2020 | 5 replies
Chase, Bank of America, etc) usually in the form of 5/1 ARM with 20% down minimum.
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9 August 2018 | 33 replies
When a party related to the transaction has more than one role in the transaction or is employed by or has an ownership interest in a company that is involved in the transaction (including but not limited to third parties such as marketing companies, builder / developer, broker, or realtor), there is a non-arm's length or at-interest risk.
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22 November 2018 | 6 replies
I'm so surprised at all the Open Arms here on BiggerPockets, all the offers for help, in the people willing to connect.
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8 August 2018 | 1 reply
There are 3 yr, 5 yr, 7 yr, 8 yr, 10 yr ARMs and 30 yr fixed Private Equity loans available.
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8 August 2018 | 4 replies
I know most GC's say they can handle this but I'd rather find someone who does this regularly and doesnt cost and arm and a leg.
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15 August 2018 | 8 replies
All strategies must be entirely at arm's length, and exclusively for the benefit of the IRA - so no comingling IRA and personal funds, no services (such as swinging hammers) by you, etc.
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9 August 2018 | 9 replies
I turn off the water and cut out the main valve from the back, first the supply lines running up, from the floor, then top and bottom leading to the shower arm and the tub spout.
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10 August 2018 | 18 replies
Hmm, I did explicitly say that I want two separate documents.