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Results (9,955+)
Travis Hardy Trouble pricing house
16 October 2024 | 11 replies
Agree up front to price reductions at specified intervals.
Kristi K. Paying points for a Loan
15 October 2024 | 21 replies
I personally don't see a problem paying a couple of extra pts for a 1% reduction in the loan but some people I know are very adamant that we shouldn't be paying pts at this time in the game.
David Ivy Austin Market Report - September 2024
16 October 2024 | 0 replies
So, if interest rates are a buyer’s primary roadblock, then I recommend negotiating a rate buydown at a seller’s expense or looking at new construction, where builders are offering rate reductions and other substantial incentives.What if I’m a seller?
Account Closed Buying a property in 2025 - Bonus Depreciation?
17 October 2024 | 15 replies
Hey Spencer, As of 2024, bonus depreciation is still available at 60%, but it is set to decrease to 40% in 2025, with further reductions planned for future years unless Congress takes action to extend or change the law.
Mohit Khanna Australian investor looking at entering US residential market
16 October 2024 | 25 replies
My gut tells me that Texas, particularly Austin and Houston, could be where the next wave of growth and expansion occurs, mainly driven by strong business and job creation trends.Here’s what I’m looking for in my US investments:Free-standing houses with a good land component, at least 3 bedrooms and 2 bathrooms, and in well-maintained condition.Budget : Will have to keep a factor of safety for the current exchange rates of AUD.USD = 0.68 so will cap our budget at 250K- 300K.Yielding over 6%, with a slight cash flow positive outcome, while also offering medium-term capital appreciation potential.Holding for at least 5 years or more, with a view towards steady growth.The long-term goal is financial independence, reducing reliance on salary-based income, and building assets during this accumulation phase.Debt reduction is on the horizon—looking to consolidate and start winding down debt within the next 7 years.If anyone has experience investing in the Texas real estate market or any tips on navigating US property investments, feel free to share your thoughts!
Amos Smith Price Reduction From Vacant Lot Loss (Advice Please)
8 October 2024 | 9 replies
I don't want to ask for an unreasonable reduction because I might loose the deal, but I also don't want to be short changed.Love to hear what y'all think.
Carrin Johnson Bill Summary: AB 1771 The California Housing Speculation Act: Impact on Fix and Flip
11 October 2024 | 2 replies
Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.
Tua Lino New home question
11 October 2024 | 4 replies
We manage a bunch of townhomes for clients and we are now for the first time having to do slight reductions on turnovers.
Dennis Smith Question about values after a natural disaster
11 October 2024 | 12 replies
Due to a reduction in supply (properties destroyed or rendered unlivable) and an increase in demand (from those displaced by having their properties destroyed or rendered unlivable), home prices and especially rents actually tend to go up immediately after natural disasters.
Hunter Purnell How to find the rental rate based on a NNN cap rate in EXCEL?
10 October 2024 | 3 replies
With NNN there is no reduction from operating expenses so monthly NNN x12 should equal NOI.