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30 September 2024 | 24 replies
Feels a bit like a Hail Mary given the circumstances though, and I am wondering if it makes the most sense to just lower the price should it come to that if nothing happens in the next couple of weeks.Thanks again for your input!
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9 October 2024 | 312 replies
Quote from @Carlos Ptriawan: In case anyone interested to find out how to see this problem from the bridge-lender side intellegently, these information from one of the lender is very informative:Loan Modifications We may amend or modify loans that involve other-than-insignificant payment delays and provide interest rate reductions and/or extend the maturity dates for borrowers experiencing financial difficulty based on specific facts and circumstances.
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7 October 2024 | 190 replies
And if we reach such a dire circumstance where this is no longer the case, I think we will all have bigger problems.But hey!
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3 October 2024 | 29 replies
It is rural and 30 minutes outside of a major city, however, it does have a 20x30 shop that a tenant under the right circumstances might find desirable.
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29 September 2024 | 21 replies
Or, if possible, move into a different property, hold onto this property for another 2 years or so, (your circumstances have now changed) and you'd like to sell your investment property, 1031 all proceeds into a "like-kind" property and benefit from the 1031 tax deferral.
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25 September 2024 | 9 replies
If you brought your spouse and 2 kids with you, and you could argue all of your argue of your time on the trip was looking at real estate, and your personal business and activity circumstance defends being able to immediately deduct it and not treat it as a start up cost... likely 75% of much of the travel costs (airfare, food, etc) would be non-deductible.
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25 September 2024 | 11 replies
My next question is a simple one: through circumstance, we will almost certainly have real estate holdings in two states (Georgia and likely Pennsylvania).
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24 September 2024 | 2 replies
I have seen some sellers wait two years to close on a property those are definitely rare circumstances.
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26 September 2024 | 10 replies
What you are describing is a fully thought out partnership or pre-arranged circumstance.
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25 September 2024 | 9 replies
This could bring real estate dealer status into the equation under some circumstances.