Alex Boulger
Selling Rental with 2 Out of 5 Year Rule
25 September 2024 | 14 replies
The two years of residence would tick back from when you lived in the home, which concluded in Sept 2021.The other piece to keep in mind, and again, I don't know where abroad you are living, but I would also consult a tax accountant familiar with the tax laws of that country, and the US tax treaty with that country, to confirm a gain wouldn't be inadvertently triggered for your country of residence.
Scott Green
Tax Deeds and Ted Thomas Course
25 September 2024 | 29 replies
Not ready to pull any triggers at this point, just doing some research to see if anyone has used his service, he comes up first on google and the typical good and not so good reviews.
Brian Hudson
Looking for first opportunity in Chatt area
21 September 2024 | 10 replies
Hey Brian, just wonderign if you pulled the trigger on Chattanooga yet?
Jason Wray
Mortgage Rates Take a Deep Dive!
19 September 2024 | 2 replies
This is going to mean more homes closing faster and more closing means more comparable sales to trigger a rise in homes prices.
Nolan Dalton
DSCR LOANS. Where to get approved?
25 September 2024 | 37 replies
That may trigger a better response and get them thinking more how to get it done instead of what to call it.
Nick O.
STR Cost Seg/Bonus Depreciation Buying with Partner & other non-RE related income ?'s
23 September 2024 | 14 replies
Selling even with 1031 triggers recapture taxes on bonus depreciated asset.Switching to STR: The IRS looks at the average stay over the full year to qualify for bonus depreciation, even if you switch mid-year.Co-Host Hours: Limit co-host hours to maintain material participation.
Andres N Herrada
New to BP and would love to connect!
19 September 2024 | 12 replies
I found a deal that worked well for me and made sense in Columbus, Ga and just pulled the trigger on it.
Robin Castillo
Should I form an LLC?
18 September 2024 | 6 replies
Some investors buy in their name and transfer properties to an LLC later, though this may trigger due-on-sale clauses.
Anthony Simboli
Google Docs? MS Office? Others?
19 September 2024 | 15 replies
So for instance for our lead organization & management, I clean the lists up in google sheets and then download as a .CSV file and upload into Airtable (google sheets on steroids) where its easier and cleaner to manage.I use Airtable to manage our raw leads data - I have a trigger set up, that whenever we change the status to "qualified", that lead will go into our CRM (Salesmate.io) where we track our contacts and deals.
Andrew Zavage
finished a BRRR
17 September 2024 | 2 replies
That severely limited the number of lenders I could go to, so I ended up finding a loan product (that costs a premium, albeit) thru Velocity Capital Mortgage that allows fully-amortizing or IO payments (for first 10 years) which will help me build cash flow and accrue title seasoning while I find the right time to pull the trigger on a fully-amortizing DSCR product Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?