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1 January 2025 | 4 replies
If I got a home equity loan for Property 1 and used the proceeds as downpayment for Property 2 and then got a 2nd loan for the remaining 75% purchase price for Property 2, when I sell Property 2, can I use the Property 1 loan as part of the cost basis for computing Property 2 capital gains?
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31 January 2025 | 19 replies
But trust is earned and as I learn more (and remain open to pivoting to MTR and LTR), not sure in our specific case, the 30% is worth it (which is the going rate locally) and can be in the range of $30K+ per year.
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31 December 2024 | 3 replies
.- If interest rates remain high, this is further upward pressure on rents in the near-term, as the alternative to renting - buying a home with a mortgage, is expensive - this should increase demand for rentals. - Rents are also a function of supply - 2024 saw the most new construction of multifamily units in American history (nearly 575,000 estimated 2024 deliveries of new multifamily inventory), and 2025, while not a record setting year, will see deliveries top 500,000 again - a huge supply increase.
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14 January 2025 | 23 replies
It typically involves a person gaining access to remaining equity in a home that is subject to foreclosure.10. https://www.legalmatch.com/law-library/article/equity-stripping-lawsuits.htmlAcquisition: The rescue artist convinces the homeowner to transfer the title to their house to them as a way to avoid foreclosure.
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4 January 2025 | 14 replies
I thought I was buying at top of the market in 2020...and 2022...but prices continue to remain high.
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5 January 2025 | 4 replies
Short of selling my entire portfolio, the liquid capital for the down-payment remains unattainable.
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13 January 2025 | 10 replies
I have totally given up on Quickbooks though it remains the best accounting software for the non CPA type
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3 January 2025 | 12 replies
I would lean towards recommending that you pursue the deal - plus having the property remain in your family may be a net positive for you and your extended family regardless of the ultimate financial return.
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2 January 2025 | 0 replies
Taking time for self-care and nurturing our well-being will empower us to tackle challenges with renewed energy and focus.As we move forward, let's celebrate each milestone, no matter how small, and remain resilient in the face of setbacks.
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5 January 2025 | 17 replies
But the question remains - what do we need to do with these empty retail spaces?