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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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24 January 2025 | 13 replies
.- They often get sold Class C or D properties while using Class A assumptions - then wonder why they are losing money.Here's some copy & paste info that you hopefully find helpful:-----------------------------------------------------------------------------------------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?
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30 January 2025 | 2 replies
I figure nothing in life is that easy.
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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.
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1 February 2025 | 0 replies
While not as widely discussed as interest rates, capital gains taxes also impact home sales.
31 January 2025 | 6 replies
The auctions, although online now, are live foreclosure auctions, i.e. the auction style sale which is the culmination of the foreclosure process.
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30 January 2025 | 19 replies
🔥 Yes Trevor. talked to few agents,lenders,contractors, and checking out the properties, trying to figure the good contractor and deals as well.
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21 January 2025 | 4 replies
Since you’re still figuring out where to invest, look for areas with strong rental demand, good schools, low crime, and potential for future growth.
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12 January 2025 | 8 replies
I figured calling would be easier, and they said I can't transfer the title or they will call the loan due.
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30 January 2025 | 2 replies
Meanwhile, gross rents of $1,800+ for 3-bedroom single-families is an achievable figure, so it’s possible to generate cash flow if you lever modestly.There’s a bunch of other stuff that’s worth highlighting—the economy, demographics, neighborhoods, new construction, and more.