16 December 2024 | 8 replies
STRs have unique tax considerations, so setting up the right systems early will save you headaches down the road!
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19 December 2024 | 14 replies
HELOCs let you access equity as needed, keeping costs low unless you use the funds.Key considerations: If you plan to scale quickly, the HELOC might provide the liquidity you need for faster moves.
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31 December 2024 | 66 replies
Typically, we can look at this issue from both sides of the coin as being fair for consideration.
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19 December 2024 | 15 replies
However, if the property is a long-term hold, the lower interest rate with a prepayment penalty can often result in better overall returns.Another consideration investors should evaluate is how prepayment penalties are structured - whether it's a declining penalty over time or a flat fee - because this can significantly impact their profitability when selling earlier than expected.
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18 December 2024 | 13 replies
For the reasons stated above, it made sense not to advertise the loft as a bedroom because there's no door and considerably less privacy (we do have egress via large windows).
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17 December 2024 | 8 replies
While many of these issues are important considerations and should not be ignored or overlooked, there are other more crucial criteria that you must question and evaluate first.The critical risk criteria that you must review and evaluate prior to making your final decision on which 1031 Exchange Qualified Intermediary to retain includes, but is not limited to, the following areas:Technical capability of the 1031 Exchange Qualified IntermediaryInternal processes and audit controls to safeguard your 1031 Exchange funds and assetsUse of Qualified Trust Accounts or Qualified Escrow AccountsDecision criteria and guidelines for investment of your 1031 Exchange fundsProtection from potential errors or omissions by the Qualified Intermediary (E&O Insurance) Protection from potential theft or embezzlement of 1031 Exchange funds (Fidelity Bond) An experienced and professional 1031 Exchange Qualified Intermediary will understand these concerns and should be happy to discuss these crucial issues with you.
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11 January 2025 | 420 replies
But if the additional mortgage payments come from a different loan (Heloc) with similar interest rate as the mortgage, there is no financial benefit, which has been shown repeatedly in this discussion. ... and this been repeatedly disproven.Total cost to borrow from the HELOC: $1,031 and change.Total interest saved (including taking the $1031 into consideration) is $30K and change. $30K may be insignificant to you and the other nay-sayers, but it means rather a lot to most of the rest of us.
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14 December 2024 | 4 replies
Thank you for your consideration!
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31 December 2024 | 418 replies
These weren't some under funded new launch companies who flopped because needed better help at start, no, we are talking BIG companies who looong had there day in the sun, and over considerable time declined into nothing because there business model was no longer effective or relevant.
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13 December 2024 | 2 replies
This is because VA loans are tied to the borrower’s personal ability to repay and require a creditworthiness review.VA Entitlement Consideration: If you’re assuming a VA loan, the original borrower’s VA entitlement may remain tied to the loan unless you’re a veteran eligible to substitute your own entitlement.2.