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27 January 2025 | 6 replies
Due-on-Sale Clause: Most mortgages have this clause, which could let the lender call the loan due if you transfer the property.
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29 January 2025 | 14 replies
There is a 92.7% chance they are lying about the insurance.
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23 January 2025 | 7 replies
Because the chances of successfully concluding a wholesale transaction when you lack experience, knowledge and capital are so infinitesimally small that you’d be better off playing the lottery.
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31 January 2025 | 170 replies
Chance of deal success needs to be high- 95%+.
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4 February 2025 | 2 replies
Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.
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6 February 2025 | 5 replies
but if i go in a LLC with them i get hit with the tax from the sale of the homeThe GC and the flipper were just going to split the profits from the sale of the home and they were going to pay me 2%/12% for the duration of the build.
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25 January 2025 | 12 replies
In the OFF-chance (not as common), you're looking to get into a DSCR loan...there are ways to get no origination or processing fee by originating your own loan (yes this is possible and you can do it in 39 states without a license).
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4 February 2025 | 24 replies
I’ve gone through purchases, sales, 1031 exchanges, remote inspections, and repairs, all handled smoothly with minimal involvement on my end.
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1 February 2025 | 0 replies
While not as widely discussed as interest rates, capital gains taxes also impact home sales.
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4 February 2025 | 3 replies
@James Thompson Transferring property from your in-laws to you can be done through a gift, sale, or trust transfer, each with different tax implications.