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Results (10,000+)
Arthur Nogueira Refinance a paid off house?
12 August 2024 | 28 replies
Turnovers will crush profits and they’re a headache so I keep my people in 10-15% under market rent.
Paul Scammacca New purchase rental or owner financing
9 August 2024 | 2 replies
I want to make sure they can't refi the property as my "profit" will come after 10 years from p/I.
Andrew James Carribbean hot spots within the next few years
10 August 2024 | 85 replies
So the developers have performed some interesting magic- they’ve sold condos to people who cannot hope to profit on the cash flow.
Jason V. Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
13 August 2024 | 21 replies
If that's true or not, I do not know.After reviewing the ~60 page tax document for that year, it looks like she added the following:- Schedule D, Line 10 ("... all Txs reported on Form(s) 8949 with Box F checked") = Adjustment which equals all profit, excluding depreciation, and then the only gain was the depreciation.- Form 8949, Box F is checked, as I received no 1099-B.  
Shari Azama Just bought my first home (to live in)! What's the next best move?
12 August 2024 | 15 replies
I do have one house hacking client where I sold his condo and then helped him buy a larger townhouse where he can do forced appreciation through rehab (which worked out really well.)I went from a house hacking condo, used a HELOC and then did the FHA 203(k) to a house and built an ADU.Because of the rental restrictions, it might make sense to sell at some point since profits up to $250K is tax free and scale up that way. 
Mak K. Insurance Claim- Can you do the work and bill the insurance ?
9 August 2024 | 1 reply
This will allow me to have better deals and can profit on the work as a contractor.Are their any clause which prevent this?
Andrew A. Be brutally honest about my strategy!!!! New to real estate!!!
9 August 2024 | 18 replies
Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might suggest.The Plan1.Pay Off Mortgage: I currently have $170K left on my mortgage, and my goal is to aggressively pay it off in the next 1.5 years.2.Establish Emergency Fund: Before making any big moves, I’ll set aside 6-12 months’ worth of expenses as an emergency fund.3.Extract Equity: Once the mortgage is paid off, I’ll pull out the equity from the property.4.First Flip: Using the extracted equity, I’ll purchase another house, fix it up, and sell it for a profit.5.Reinvest Flip Profits: Instead of buying another property immediately, I’ll use the profits from the flip to renovate the original property, aiming to increase its rental income and appraisal value.6.Reappraise and Extract Equity Again: After renovating, I’ll get the original property reappraised and extract additional equity based on its increased value.7.Purchase Rental Properties: With the additional equity, I’ll start purchasing rental properties that offer positive cash flow and have growth potential.8.Leverage Equity Strategically: I’ll use equity from the original property and any new properties while maintaining a healthy loan-to-value ratio (LTV), ideally around 70-75%.9.Build Rental Portfolio: I’ll focus on acquiring a mix of property types (e.g., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.
Darion White Pine Street Flip
9 August 2024 | 0 replies
So, this created a few issues along the way and ultimately a loss of potential profit.
Nathaniel Cherubini Using all of the tools of a owner-occupied residence to build wealth.
9 August 2024 | 0 replies
Sold for a significant profit, paid off mortgage, HELOC, and solar loan, made over $100k.
Kyle Haskell How to structure deals with developers
8 August 2024 | 2 replies
A percentage of every builds profit upon selling?