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9 February 2025 | 173 replies
I do not know the accuracy of that figure or if it is what the average is presently.
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29 January 2025 | 11 replies
DSCR loans are only for rent ready properties (no "subject to" or min less than $2,000 in deferred maintenance).
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29 January 2025 | 9 replies
Quote from @Jason Hatfield: @Jaycee Greene they require a non refundable deposit and give 48hrs to see proof of funds I would suggest developing a relationship with an HML/PML that would give you a "guidance line" that would basically be a "pre-approval" for situations like this to present to the buyer/auction company.
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11 February 2025 | 31 replies
We all don't care how much Apple profits on our iPhone... what really matters is the product or value we get or in this terms the ROI on our principal.The fees can be broken down in the three main fees (so you might have to combine some of the above fees under one of the categories below):Acquisition fee (paid % of the asset price) - normally 1-3%Asset management (paid % of the income the asset produces) - normally 1-3%Distribution or exit fee (paid % of the sold asset price) - normally 1-3%Development fees (this is present in development deals) - exampleNOTE: Just because these fees are high or the split structure has too much going to the GP does not disqualify it.
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27 January 2025 | 14 replies
If you sell, consider a 1031 exchange to defer taxes if you plan to reinvest in real estate.
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3 February 2025 | 9 replies
You can present an offer that aligns with your financial goals, but be prepared to walk away if the seller won’t negotiate to a price that ensures you’re not left in a tough financial situation.
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23 January 2025 | 5 replies
With an SDIRA, you can use tax-advantaged funds to purchase property, and any income or gains from the investment grow tax-deferred (or tax-free with a Roth SDIRA).
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7 February 2025 | 10 replies
Raising reserves makes sure they are present day one, but also dilutes overall returns.
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23 January 2025 | 5 replies
This defers capital gains and depreciation recapture taxes on the sale of your fourplex.After converting it into your primary residence, you may qualify for the primary residence capital gains exclusion ($250K single/$500K married), but only for appreciation after the conversion; gains from the rental period remain taxable.
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1 February 2025 | 11 replies
I download reports to present to my clients during property walkthroughs, which is why I opt for the paid version.