Mark Gomez
Rent vs Sell a paid off home
24 January 2025 | 9 replies
If so, they can sell within 2 years and not pay capital gains taxes on the sell of the home.They could take that money and buy multiple rental homes in other areas if they wanted, or use the money to downsize in to a different home while still having money left over.
Rory Darcy
out of state investor wanting to invest in wisconsin or illinois
27 January 2025 | 12 replies
@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Albert Gallucci
How do you detirmine the class of a Property
27 January 2025 | 12 replies
Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Laurens Van swol
DSCR Loan for Florida investment
27 January 2025 | 15 replies
The shorter the prepayment term has an impact on increasing the rate.4.
Tove Fox
Nevada, Ohio, Michigan, Pennsylvania Out of State Investing
20 January 2025 | 22 replies
@Tove Fox hope you find this copy & paste useful:)-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Kevin M.
Condo Investment in NYC
7 January 2025 | 12 replies
Using a 1031 to upgrade to a two-family could help you reduce or eliminate the $1,000 out-of-pocket expense you’re paying now.Also, condos often come with HOA fees that limit cash flow, so be mindful of their impact.
Ashley Kroft
Starting Out: Advice on which option to take from a Refinance
31 January 2025 | 2 replies
Whether to go with a BRRRR deal or multiple down payments depends on your risk tolerance and long-term strategy.
Sean Dunbar
Looking for advice to invest 965k of equity
16 January 2025 | 4 replies
You didn’t mention the property or deal specifics, but for many deals in the recent years, there have been amazing and unusual gains due to multiple unnatural circumstances.
Joseph Hammel
Where to list a small retail spot.
20 January 2025 | 1 reply
There's manually posting it in multiple groups.
Bryan Christopher
Post sale - Buyer making legal threats about an appliance
17 January 2025 | 7 replies
The buyers did a long inspection, multiple days... made a huge request for concessions based on what we knew to be purely made-up issues.