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6 February 2025 | 5 replies
Is there another way to structure the deal with all 3 of us?
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3 February 2025 | 25 replies
If you dont need the leases it can be nice because as soon as you get near completion on your rehabbing you can get your disclosures out, esigned, start your appraisal asap, and get the process moving quickly versus waiting around for tenants, lease ups, and all units to be rented.Best of Luck ~
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31 January 2025 | 10 replies
., structural engineers, plumbers) for precision, or a general contractor for coordination if the scope is broad.
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12 February 2025 | 27 replies
Even duplexing down the first floor unit can be pricey as it involves making structural changes.
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1 February 2025 | 0 replies
I had a good relationship with the listing agent and was able to structure a below value deal (beating out iBuyers and other investor offers).
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29 January 2025 | 4 replies
Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.
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30 January 2025 | 3 replies
I saw how that proposal is basically her giving me a 0% loan, but at the same time I believe that structure will avoid her taking a large loss (approximately 30k if she accepts a 300k offer).I do not know why she doesnt get a PM, I only share the facts of when she purchased it, the purchase price, and the reasoning she shared with my realtor as to why she is selling after such a short time period.
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3 February 2025 | 4 replies
Just curious if any particular type of structure has the best ROI or is the most desirable by renters looking to get away from it all and relax in nature?
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4 February 2025 | 1 reply
Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?
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5 February 2025 | 21 replies
This structure probably just means more grey area which means more legal fees and perhaps less chance of either of us being covered at all.