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2 May 2024 | 45 replies
Though there’s nothing wrong with using a broker, we originate our loans locally and don’t accept investors, fractionalize, or invest in funds.
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29 April 2024 | 0 replies
Purchase price: $215,000 Cash invested: $75,000 Sale price: $336,700 Active in MLS for only 3 days before accepting offer - closed for a $46,700 profit!
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29 April 2024 | 29 replies
I'm early on along the journey, but so far it's been the "walking on eggshells" while screening / accepting / declining prospective tenants.
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29 April 2024 | 0 replies
Purchase price: $168,750 Cash invested: $40,000 Sale price: $238,000Offer accepted 1 day after listing - Sold for 3k over asking. $29,250 PROFIT.How did you add value to the deal?
2 May 2024 | 41 replies
It would be way cheaper via employee than independent since I'm doing roughly half the work anyway, for example if I had accepted Mr.
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29 April 2024 | 0 replies
He didn't want it and I had a verbal from the listing agent saying seller would accept my offer.
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30 April 2024 | 6 replies
I just don't want to the builder to think that this was not caused by the crack once sealed and hence not accept responsibility of the structural problem.
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29 April 2024 | 4 replies
I do some of my rentals here and they are quite accepting of rentals https://nreig.com/
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29 April 2024 | 5 replies
It's a strict 2-year requirement.As for strategies to avoid capital gains on the sale, if your client doesn't meet the ownership and use requirements for the Section 121 exclusion, they might explore other options such as:1031 Exchange: If the property is an investment property rather than a primary residence, your client could consider a 1031 exchange to defer capital gains tax by reinvesting the proceeds into another investment property.Installment Sale: If your client is willing to accept payments over time, they could consider structuring the sale as an installment sale, spreading the recognition of the gain over multiple tax years.Charitable Remainder Trust: If your client is charitably inclined, they could contribute the property to a charitable remainder trust, receive income from the trust for a certain period, and then have the remaining trust assets pass to charity upon their death, potentially reducing or eliminating capital gains tax.These are just a few options, and your client's specific financial situation and goals would need to be considered in determining the best approach.
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29 April 2024 | 7 replies
In comparison to personal residences, investment properties may demand additional documentation and underwriting requirements from lenders; nonetheless, a credit score of 730 is generally regarded as acceptable and may qualify for advantageous loan conditions.