Jesse LeBlanc
FRAUDSTER ALERT... watch out for Justin Nguyen in Florida. BE CAREFUL LENDERS!!
25 October 2024 | 66 replies
It won't stop until he's doing federal time.
Alan Asriants
Is this an end to Wholesaling?
30 October 2024 | 236 replies
Ok, at least we understand the motivation)) when the GFC happened and Dodd Frank came in and all Mortgage Brokers now had to take the Federal test and be registered with NMLS criminal and finger prints are required along with a personal financial statement.
Will Mejia
Solar panels for 3-unit rental property??
18 October 2024 | 7 replies
Installation Costs and IncentivesAverage Cost: Residential solar systems typically cost between $15,000 to $25,000 before incentives for a 6kW system (suitable for an average home).Incentives: Illinois offers substantial incentives, including:Federal Tax Credit: A 30% federal tax credit applies to system costs.Illinois Shines Program: Provides Solar Renewable Energy Credits (SRECs) that homeowners can sell for additional income.Net Metering: You’ll receive credits for any excess energy your system produces, reducing your utility bill.2.
David Ivy
Austin Market Report - September 2024
16 October 2024 | 0 replies
For the 10 year period spanning September 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.8% in that period.With inflation nearing its 2% target and signs of a slowing labor market, the Federal Reserve last month made its first cut in to the federal funds rate since the start of the COVID pandemic.
Marty Rogachefsky
Community Investment Program
16 October 2024 | 5 replies
**Federal and Local Grants**: While there are fewer direct grants for individual landlords, some municipalities and states offer financial assistance for landlords who improve housing for low-income tenants.
Al Banfe
Investor Friendly Bank - Florida
17 October 2024 | 16 replies
Federal Regulators for some reason hate real estate investors.
David Kanarek
Beware of Norada Capital: Caveat Emptor My Fellow Small Investors !!!
24 October 2024 | 88 replies
However, federal securities laws and SEC regulation require providing investors with accurate information regarding investment risks, details, and fees to prevent fraud.
Anne Christensen
Best Down Payment Option
15 October 2024 | 16 replies
In my research, default rates are pretty high amongst 401ks loans. 5) If you leave your employer and want to rollover your remaining balance to an IRA to be able to invest in real estate, known as a self-directed IRA, you have to either A) Payoff the loan first, or B) When you rollover funds, the loan balance will be immediately distributed to you, thus taxes and penalties, and you forfeit all that tax-advantaged money back in the account. 6) 401ks are generally covered under federal ERISA rules, which affords you additional creditor protections, from outside of the 401k judgments.
Max Bellino
Anderson Business Advisers Asset Protection
15 October 2024 | 26 replies
Depreciation, and if it will increase your property tax.Find out what will be your new insurance requirements, and verify your lenders are aa onboard with this transfer.Add up your resident agent fees, and find out the yearly costs for PO boxes if needed, plus the yearly cost for corporate formalities for each shell.The Federal Government now requires every entity to file with them yearly, the owners of the shells.
Felicia West
Help with understanding appreciate
18 October 2024 | 16 replies
The number one benefit for a high income earner that invests in long-term investments is that the depreciation will shield your rental income from your effective tax rate.if you are a high income earner, you are likely around the 35% federal tax bracket and another 5-10% tax bracket if you are in a state with a taxInterest income will be taxed at potentially 45% + 3.8% net investment income taxDividend income will be taxed at potentially 30% + 3.8% net investment income taxRental income potentially at 0%I think a lot of people get disappointed that their tax burden doesn't decrease.It can potentially decrease but it will require proper planning along with some level of participation with the real estate.