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29 November 2023 | 12 replies
But most people don't do double-closings here in WA due to the excise tax; a more common strategy is to just "sell" an LLC that has the property tied up.
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18 April 2015 | 4 replies
WA state has a 1.78% excise tax when reselling on top of property taxes, i pay 5% realtor fees, and then standard closing costs, etc.
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23 May 2023 | 21 replies
Quote from @Josh Levy: I am looking at doing the same thing.
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12 January 2024 | 68 replies
Quote from @Levi Klein: Quote from @Zachary McDonough: Quote from @Vince Mayer: This is not a sub 2 deal.
14 October 2016 | 4 replies
Thanks @Levi Vincent!
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27 November 2020 | 10 replies
Buying in cash definitely makes your offers more competitive - keep in mind that the financed offers that you're competing with are getting bank money at 3% right now, and that will help explain why some of them are willing to pay an amount that doesn't make sense to you.As a flipper you will loose deals to owner occupants and rental property investors often - both of those groups typically have lower profit requirements than you do, due to not having to pay state excise tax on the second sale and having a more favorable federal tax position than flippers (among other things).
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2 February 2019 | 148 replies
Originally posted by @Levi T.
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24 February 2019 | 326 replies
The fact that the judgment can be levied against real estate is sort of implicit.
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17 March 2023 | 1052 replies
@Clara Levy Hi Clara - I am in jax.