Joe S.
Rethinking some of Dave Ramsey‘s teaching
2 December 2024 | 5 replies
It just means as a Banker I see the banks money as the way to get rich and save your hard earned money for retirement.If you use your money and fail you are broke, if you use the banks money and fail you sell or find a way to transfer the debt.
Mahender Bist
Where to form LLC for legal protection - Business in AL, Living in CA
4 December 2024 | 18 replies
But, i do have a couple of LLC's, mainly for transferring property to children or spouse when I drop dead.
Kwok Wong
How to submit a respectful lowball offer?
7 December 2024 | 9 replies
This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.
Nishan Akwalia
1031 followed by quit claim deed
29 November 2024 | 5 replies
Transferring a 1031 exchange property into an LLC shortly after purchase typically won’t trigger immediate tax consequences for your wife if the LLC is a disregarded entity, as you file jointly.This post does not create a CPA-Client relationship.
Michael Moore
Closing residential property in a Trust
26 November 2024 | 2 replies
If you are closing on a property that you will reside in, can you close it in a Trust, or do you have to close it in your own name, and then later transfer it into a Trust?
Matthew Holden
SDIRA -- Friendly Banks Offering Interest
26 November 2024 | 6 replies
Worst case you can transfer the money from the current custodian into Fidelity and back and forth it would just create work for you and possible wiring fees....
Thomas F Blaskey
1031 vs Gift vs Sale
26 November 2024 | 3 replies
This seems like a lot of work to save 15% of $35k in taxes (Less than $5k.) especially if you have transfer taxes or title insurance, or you convert your long term 15% rate in to your son’s regular income tax bracket.I hate paying taxes as much as the next guy but this lemon isn’t worth squeezing.
Cody Weiss
Blockchain & Real Estate
15 November 2024 | 25 replies
Hi All,I have been following blockchain for a few years and was curious if there is anyone else on the forums that would be interested in talking shop about cryptocurrency/blockchain and real estate.Thanks!
Scott Trench
Bold Prediction: The Fed WILL Do a 25+ BPS Cut... But RE Borrowing Rates Will Rise
17 December 2024 | 20 replies
There will be a massive wealth transfer from the baby boomers to retirement care or to a younger and smaller generation.
Mark S.
American Homeowner Preservation (AHP) Fund
4 December 2024 | 353 replies
@Chad Urbshott 4 months and counting for transfer servicing!