Devin James
We Need Higher Density & Smaller Homes - Thoughts?
12 January 2025 | 54 replies
Manufacturing has gone overseas reducing wages. 4.
Clint Miller
Where Do You Find the Funds for the Down Payment?
26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
9 January 2025 | 32 replies
If we do cost segregation how much would we reduce our taxes by?
Tyler Kesling
HELOC / Lease to Own
13 January 2025 | 2 replies
Use your HELOC to purchase the duplex outright for $118K.Your brother’s $50K down payment can immediately go toward reducing your HELOC balance, leaving a remaining balance of $68K.Create a formal lease-to-own agreement with your brother.
Marcus Stokes
fix and Flip
18 January 2025 | 21 replies
Stick to areas you know well; this familiarity can greatly reduce risk and boost your confidence when making purchasing decisions. 2.
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
This level of scrutiny drastically reduces the risk of renting to unreliable tenants.Realtors vs.
Kyler Tarr
Knob and tube wiring
27 January 2025 | 18 replies
If the Seller will not reduce the price to where it still makes sense to you then do not do this deal.
Sophanara Khoeun
New to Investing: Repairman? & Hire or Not to Hire a Property Management Company
31 January 2025 | 10 replies
Property management fees and software subscriptions are deductible, and depreciation reduces taxable rental income.This post does not create a CPA-Client relationship.
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
So while moving back into it for 2 years does bring the 121 exclusion back into play, that exclusion is reduced based on the percentage of Non Qualified usage over the holding period.
Travis Boyd
Seeking advice on potential first deal - off market 6 unit apartment
18 January 2025 | 6 replies
With this, along with shifting the utilities to the tenants and reducing the management fee to generate an NOI of around $103k, I'd estimate the value around $1.8M to $2.0M