
5 June 2024 | 274 replies
Everyone is going to be able to goggle the address as see what HUD had the property listed for and with a little investigation can find out approximately how much you bid for the property(Prior to closing) For example, a property is on the market for $100,000 and you get it under contract for $80000 or so you could illustrate value by wholesaling it for $90000 and an investor might perceive that as a value

3 June 2024 | 9 replies
I ask because you will find that a lot of lenders require prior rehab expereince for a fix and flip loan.

4 June 2024 | 221 replies
As I wrote in the prior simulation even with a 35% return on your real estate, using a WL/IUL in the mix will break even at year 11 and get way better than real estate alone after.

2 June 2024 | 2 replies
Seems that someone who is VPBD would not be at this level of detail - but I don’t know how they work.In my research I found:(1) MW506AE is the application for exemption the comptrollers need regarding a 1031x, and needs to be sent in 21 days prior to closing.(2) MW506NRS is the withholding exemption.I think my CPA will handle #2 but #1 is essentially the main form in the whole timeline.I understand what these forms are and would like to get a title company that is also versed in them and not guess what needs to be done.My QI already said they will not fill it out and I guess doesn’t have all the information required for it.
30 May 2024 | 2 replies
However, in order to move out and continue investing I would require the refinance of the "BRRRR" method prior to the rent of the property to obtain additional funds for my next property and to move out.

2 June 2024 | 2 replies
For those who did quit, what was your job prior and how much were you making and how old were you and how old are you now?

4 June 2024 | 28 replies
Replaced the whole fence prior to renting the property out.

2 June 2024 | 6 replies
I would use the time with current tenants to get contractors in and give me estimates on future projects I have planned for the place, then execute them once tenants move out.If there is a good contract on the tenants moving out either June 20th or July 2nd with the prior landlord, would you go forward with the June 5th closing date or move it to a different date after the current tenants leave?

31 May 2024 | 37 replies
I mean the name already states "Express Acquisitions" Also usually what I put in our contracts is that in case that the buyer does not close that the earnest money will be released to the seller without further instructions to escrow required.

2 June 2024 | 18 replies
Biggest issue is the tax, its much higher than anticipated 50k as w depreciation recapture is 81k after i paid 5800 transfer tax at closing.. so thats a BIG problem and i want to make sure i pay minimum on that - use 10-20k upgrades i put in prior to selling, max out LLC this year to write all expenses off from it etc. - Any advice on how to offset that 80k tax?