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5 January 2025 | 7 replies
How bad is the insurance, how high are the property taxes, is there an Hoa, etc etc.
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10 January 2025 | 12 replies
There are aggressive lenders out there with lower fees for experienced flippers.
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13 January 2025 | 14 replies
My experience is the min is around 15%, but I've read some posts on BP that some lenders can offer a lower minimum (but that usually means a higher interest rate).
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30 December 2024 | 6 replies
Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.
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11 January 2025 | 4 replies
With rates in constant flux, you might have opportunities to lock in lower ones.
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8 January 2025 | 3 replies
There are so many options for LVP now, from lower priced to higher.
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12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
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10 January 2025 | 2 replies
A little lower ARV is also ok.I like to use Hocker Title.
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6 January 2025 | 14 replies
Here are some thoughts I hope help.The benefit of selling now is that as an inherited property you will likely pay no taxes because you inherit it at a stepped-up basis.I'm not a huge fan of buying a house that has lot rent.
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31 December 2024 | 12 replies
So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip.