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4 September 2024 | 39 replies
They may provide for a better interest rate than other available forms of credit, and may provide a tax benefit to the borrower.However, borrowers should keep in mind that home equity loans carry some disadvantages.Before you take out a home equity loan, consider the following:Risk of Foreclosure: Your home is probably your most valuable asset.
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1 September 2024 | 0 replies
Cash flow, appreciation, tax benefits.
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2 September 2024 | 12 replies
And I feel the ideal portfolio can benefit from the diversification of both.I feel directly owned properties are great because they give me maximum control and the ability to tweak them exactly how I want.
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1 September 2024 | 3 replies
The main issue is, since I'm using VA benefits to purchase these properties, I have to live in them, and because of this, they have to meet a threshold of what my family is willing to accept.
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2 September 2024 | 7 replies
For tax purposes, the IRS sees you and your LLC as the same entity, so transferring the title to your personal name typically wouldn’t affect the 1031 exchange deferral.However, to maintain the tax benefits associated with the 1031 exchange, it’s important to ensure that the property remains a rental and continues to be used for business purposes.
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4 September 2024 | 84 replies
You may find it less stressful to deliver a "no" indirectly through a PM.
1 September 2024 | 2 replies
He told me that given that I was still fairly new to investing (5 years) that I should consider the benefits of having the extra cash on hand either for emergencies or for future down payments on additional properties.
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29 August 2024 | 1 reply
Hello. I am thinking about offering a friend a land contract. I have no idea how to do it or what to offer.He has a existing mortgage on it that is not very much
1.Can I take over his mortgage at his rates? If I can ...
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2 September 2024 | 11 replies
With your first rental, as you learn the only benefit is for liability, but when you are getting started, there are better and cheeper ways to mitigate liability risk.
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2 September 2024 | 7 replies
Recording: The land contract should be recorded with the county clerk's office to protect the buyer's interest.By understanding the key features, benefits, and risks of land contracts, buyers and sellers in Kentucky can make informed decisions about this type of real estate transaction.