
2 September 2024 | 7 replies
The transition into and out of LLC was my biggest concern because it might be viewed as a short holding period, but it seems to be fine.

3 September 2024 | 15 replies
Personally I would never go past inspection period without stepping foot in the property.

5 September 2024 | 11 replies
Same thing applies to property management.No one will manage your property the way you do - period!

3 September 2024 | 1 reply
I am not a licensed GC but I have experience building spec homes that I could show a bank Fine paying a higher interest rate on the construction period of the loan, but would like to be more in line with traditional mortgages rates on the perm portion (although fine paying slightly higher if I avoid closing costs for a second loan)Do y’all have any recommendations on specific types of loans for this or specific banks I should talk to?

4 September 2024 | 7 replies
I would say compare terms, seasoning period requirements (Assuming when you mentioned construction loan you're talking about a rehab project), response time of your rep, learn as much about their loan underwriting and approval process as you can.

3 September 2024 | 7 replies
HELOC money is expensive money... so i think you need to take another look at the expenses and make sure you're including all of them - not just PITI.and you may know this, but i'll remind you - HELOC payments are usually interest only for the first few years during the draw period.

5 September 2024 | 14 replies
Then I had 2 fridges die within about a 3 month period.

3 September 2024 | 1 reply
Purchase price: $163,400 Cash invested: $25,000 Sale price: $240,000A buy&flip project on a Single Family House10K - Flooring, Trims and baseboards8K - Interior Painting3k - Updated water heater, and gas permit2k - Other minor fix, ceiling fan, windows, light bulb, new fridge, and more2k - Holding cost, HOA, and other related utility feesTotal cost of repair - $25k

3 September 2024 | 0 replies
There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

4 September 2024 | 1 reply
Simple cosmetic updates are no longer enough; buyers want well-executed, durable improvements that justify the investment.3.