10 October 2024 | 0 replies
In general, selling an investment property triggers capital gains taxes, which are calculated based on the profit made from the sale.
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8 October 2024 | 13 replies
I have a lot going on and between now up to 04/2025, I can pull the trigger.
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1 October 2024 | 2 replies
Most of you probably have and that is what a is called a trigger lead.
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12 October 2024 | 54 replies
It's definitely something you should consider pulling the trigger on
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5 October 2024 | 16 replies
For me that triggers it's too late...
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3 October 2024 | 5 replies
I've been wanting to do this for a while, but haven't had the courage to pull the trigger to start doing it.
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4 October 2024 | 8 replies
If so then moving it to the LLC is not a big deal, but if you have a mortgage, then you might trigger the due on sale clause which will require a refinance and possibly more down depending on equity.It sounds like you might have overcomplicated the situation but operating as an LLC but holding the property yourselves vs in the LLC.I have never seen that kind of situation before.
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14 October 2024 | 420 replies
He's brought on his own attorney, another business owner who ensures if the 'due on sale' clause is triggered when buying subto that he takes care of all the paperwork with the bank and title if needed, etc.The knowledge sharing is like no other.
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3 October 2024 | 15 replies
I'm in the middle of a live and flip so if you want to talk house hacking or construction happy to answer any specific questions.A few resources that might be useful for you given what you're looking for, I know they've helped me:The Book on Estimating Rehab Costs by J ScottThe event and meetup forum here on BP for finding IRL events to go and meet other local investors and soon-to-be-investors Setting keyword triggers here on BiggerPockets for things like Denver, House Hack, etc so that you don't have to go out and search for the information, the information can find you!
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2 October 2024 | 3 replies
And I am ready to pull the trigger as soon as I can find that next property.Anyone have suggestions for finding an agent in the Charlotte, NC area that is willing to work with a newer investor ready to purchase their second rental property?