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24 January 2025 | 21 replies
A mortgage lender can help determine if refinancing or tapping into equity might allow you to acquire additional properties.Consider a 1031 Exchange: If you're open to selling a current property, a 1031 exchange can defer capital gains taxes while enabling you to upgrade to a larger or more profitable asset.
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21 January 2025 | 13 replies
It doesn't have the immediate cashflow that flipping does but it will help you get to where you want to go.
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23 January 2025 | 2 replies
Going to property tours inspired me to obtain my real estate license in the state of Georgia; and look further into property investing and helping others achieve their real estate goals.
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5 February 2025 | 35 replies
It was off market, I paid a local bird dog $20k for helping to get it to the close and even including that $20k at market rate it met the 1% rule.Today my underwriting would not have a 1% ratio with 80% LTV as positive cash flow in class C.
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24 January 2025 | 16 replies
As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!
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23 February 2025 | 84 replies
I hope your attorney can help you and remember to stream your energy to find the next deal yourself so you can cover this loss; this is the most helpful way to let go of that feeling of being scammed.
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21 January 2025 | 5 replies
I will be lowering the asking price and seeing if that will help in the sale of these properties.
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21 January 2025 | 74 replies
I hope this helps, thank you.
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12 January 2025 | 185 replies
Kiyosaki himself couldn't pull it off.