Julio Gonzalez
5 Tips to Kickoff 2025 Successfully
7 January 2025 | 0 replies
Maybe you are needing a new vehicle for your real estate business - they can help ensure this vehicle is on the list that qualifies.
Kristi Wolfe
19 years old - getting a loan with roommates
1 January 2025 | 4 replies
As already mentioned, he wouldn't be able to use rent from roommates to help qualify but based on the numbers you shared there should be a VA option available considering how much flexibility there is.
Chris Kay
How Far Does $50k Go for Rehab?
15 January 2025 | 14 replies
. $50k sounds like a lot to you but with the price of materials and of qualified labor, it does not go too far.
Torrean Edwards
Stepping out on faith, but looking for support/advice
20 January 2025 | 18 replies
If you're not using Hard Money and the property won't qualify for conventional financing, then you'd probably need to locate private money or if you have friends with IRAs, they can be self-directed to invest in real estate.
Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
If you offer more $ for the property than the all cash offers AND you appear to the seller to be highly qualified in the method you are using for sourcing the payment, at some point your offer will be more appealing than the all cash offers.I don't understand why you would consider a 1031 for another property in two years.
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Unless it required specific cable to be run only to run that piece of equipment does it qualify.
Donald DiBuono
Creative Finance Deal Need Advice!
9 January 2025 | 4 replies
Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
This is due to bonus depreciation which allows taxpayers to deduct 100% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
The only way they would seriously consider a higher offer from an unqualified buyer is if they have no offers from better qualified buyers and their back is against a wall.
Timothy Lawrence
House Hacking Advice (Washington D.C, Nova, Baltimore Area)
8 January 2025 | 11 replies
The big hurdle you will have to overcome is qualifying for particular price points.