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25 June 2024 | 16 replies
Well it turns out the overall price they're charging is $89,000 and it is so far outside of my budget I have no way of paying this.Does anyone know how I should approach this?
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25 June 2024 | 2 replies
However, this requires careful planning and adherence to 1031 rules.Holding and Renting Units:Retained Units: For the units you retain (one for your business and one for rental income), you will continue to benefit from rental income and potential appreciation.Depreciation: You can continue to depreciate the retained units, which provides additional tax benefits by offsetting rental income.With these considerations, this approach allows you to leverage the benefits of a 1031 exchange while maximizing the potential of your investment in the commercial property.
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24 June 2024 | 13 replies
Are JVs far more productive because they run their own wholesale business and can approach it all more holistically than VAs?
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24 June 2024 | 4 replies
With hundreds of properties to assess each week, this approach quickly becomes impractical.
25 June 2024 | 11 replies
In a 1031 exchange I had to hammer both with threats due to the agreement to cooperate and the constant surprises of new partners and unfilled liens with an approaching lapse of the 180 day limit.
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25 June 2024 | 10 replies
Thanks for the heads-up on my approach.
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25 June 2024 | 6 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!
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26 June 2024 | 18 replies
As this is already done, what would be my best avenue of approach to handle things properly?
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25 June 2024 | 17 replies
I have a house for rent and have been approached by a Blue Orion (blueorion.co) that wants to lease and sublet it to corporate clients.
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24 June 2024 | 1 reply
I am now approaching 115+ days since assignment on my first 3 deals and because I am in NYS, my attorney tells me that I cannot even speak to buyer’s or seller’s attorneys due to “breach of contract”.I lost my first deal in fact because we were hindering on 130 days since assignment (should have been long closed) and the city decided to demo before we closed and were able to takeover in court.