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20 January 2025 | 6 replies
They will match effort for effort jumping on seller calls and helping you close deals, walk you through contracts, make connections to attorneys, etc.
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16 January 2025 | 5 replies
Purchase price: $70,000 Cash invested: $60,000 Sale price: $70,000 Have under contract for $70K and will rehab.
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21 January 2025 | 2 replies
They need a contract with email addresses and social security numbers to provide the amount.
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15 January 2025 | 18 replies
Selling would likely mean taking on new loans at much higher rates, reducing your cash flow margin unless the new properties are stellar performers.Transaction Costs and Taxes: Selling could trigger capital gains taxes (depending on exemptions) and other selling costs, eating into your net proceeds.
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24 January 2025 | 0 replies
When I started, I submitted great deals to a corporate cash buyer, they went behind my back and secure the deals with the sellers, after the contracts expired.
17 January 2025 | 5 replies
Self-showing services are extremely common but that should be in the contract.
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13 January 2025 | 1 reply
Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.
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23 January 2025 | 5 replies
As a matter of fact, far too many these days don't write contracts or stick to their price commitments after the project is well underway.
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15 January 2025 | 15 replies
This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.
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12 January 2025 | 13 replies
We're exploring creative ways to provide him with the cash needed for the down payment while avoiding triggering a taxable event.One strategy we're considering is purchasing his future primary residence ourselves, making the mortgage payments, and then, once we've built enough equity—comparable to the appraised value of his rental properties—transferring the title to him as a form of exchange.What are your thoughts on this approach?