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8 January 2025 | 10 replies
We are still doing a ton of fix and flip loans there and the numbers make sense for the banks.
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3 January 2025 | 18 replies
Solar panels and backup battery system installed in 2022, I have a loan for the system so that would eat into any sales.I'm in San Antonio, Tx.
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29 December 2024 | 15 replies
So now I am 25 and I was finally presented with an opportunity (duplexes are super rare in my area/state btw) I put an offer in and it's looking like it's gonna be accepted!!
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4 January 2025 | 1 reply
•Purchase another property in San Diego with a conventional loan.
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28 December 2024 | 8 replies
When I arrived for the final time I had found out no work outside the frame of that picture was completed.
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1 January 2025 | 3 replies
It will also allow you to pull some cash out if you have the equity and for tax purposes.You can have two VA loans at the same time but having two means that the second home may not qualify for 100%.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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15 January 2025 | 39 replies
I would say maybe look into a 203k HOA loan great loans for people our age. you would be able to do a value add and not pay your mortgage until the updates are done up to 1 year.
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7 January 2025 | 16 replies
There may be requirements to cover the trash service depending on the town.My first commercial loan was 30% down, 20 year term (adjusting after the first 5 years).