Nicholas J Mancini
1031 exchange - first time
2 February 2024 | 9 replies
You just have to make sure you calculate the funds so that you can try and exhaust all of the money from the sale into the new purchase or what it called the "Boot" when you do a 1031 Exchange.Keep in mind one of the loopholes is you can sell a property and put the profits back into another home using it for both down payment and closing costs.
Joseph Lopez
Always have multiple exit strategies built in to your projects
31 January 2024 | 1 reply
We exhausted the details and realized there was no reason not to do so.
Joseph Lopez
Always have multiple exit strategies built in to your projects
31 January 2024 | 1 reply
We exhausted the details and realized there was no reason not to do so.
Jake Andronico
Is 4 homes enough??
31 January 2024 | 52 replies
Keeping your leverage in check and having cash reserves will help ensure your ability to withstand any bumps in the road.
Richard Arakelian
Money Pit, what to do?
30 January 2024 | 13 replies
From what I've learned is that I just need to do is have a certificate of clear title from an exhaustive title search, Then only if there are wrinkles on there, then I'd have to do a quiet title, not before the exhaustive search is done.
Kristi Burmeister
Time to manage 100 units???
30 January 2024 | 23 replies
I would exhaust all avenues regarding hiring the right property manager.
Layne T.
Cashing out 401k for Rentals?
29 January 2024 | 21 replies
RMD will result in $80,000 minus tax for next 26 years until he exhaust the account.
Jack Ni
Tenant want mold inspection because they feel sick?
29 January 2024 | 16 replies
We actually have the tenants sign a mold addendum that explains how they are responsible to keep mildew or mold at bay by running exhaust vents when showering, treating visable mildew in window sills and bathrooms with bleach, cleaning the AC drainline, running AC when humidity is high ect...
Julie Marquez
Fresher than Mint - Tracking Personal Finances
28 January 2024 | 22 replies
Once your earnings level off, or you're exhausted from continuously pounding the pavement, then kick back and enjoy (and save) your income streams that you've worked hard to build.
Frankie Betancourt
Can You Break into your Own property?
25 January 2024 | 13 replies
So im exhausted so I just really want to know what consequences could i possibly face breaking into my own property?