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2 February 2025 | 14 replies
Personally I am thinking 1c.
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11 February 2025 | 10 replies
Connect with a housing coordinator if that position is available in your area and stay in contact with that person.
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11 February 2025 | 1 reply
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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4 February 2025 | 6 replies
You will quickly find, as you generate local person-to-person relationships, how many opportunities open up!
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5 February 2025 | 16 replies
So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.
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6 February 2025 | 4 replies
I've personally sold a number of properties to VA buyers.
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4 February 2025 | 2 replies
The concern with the DSCR loan is that I need to make the property present as though it's rented to individuals during appraisal (tough since it's a working rehab facility now) and must create another lease that shows the tenant as personal and not a company.
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6 February 2025 | 3 replies
Let's break it down with precision:The "Pain" (At First Glance):Your $2.8M sale splits out as:Building (§1250): $2.3MPersonal Property (§1245): $500KOriginal Basis Allocation:Building: $1.6M (depreciated over 27.5 years)Personal Property: $400K (fully depreciated)Building Depreciation:Annual: $1.6M ÷ 27.5 = $58,182Total over 10 years: $581,820Gain Breakdown:Building (§1250):Sale Price: $2,300,000Original Basis: $1,600,000Less Depreciation: ($581,820)Adjusted Basis: $1,018,180Total Gain: $1,281,820Unrecaptured §1250: $581,820 (25% max rate)Capital Gain: $700,000 (20% max rate)Personal Property (§1245):Sale Price: $500,000Adjusted Basis: $0Ordinary Income: $500,000The Strategic Play:Remember those suspended passive losses you couldn't use?
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5 February 2025 | 5 replies
If you need a conntection in Upstate NY I can direct you to the right person.
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14 January 2025 | 10 replies
I want to start smart and scale up as I learn the ropes, but I’m personally struggling to narrow down which area to focus on.If you’ve done this before, what advice would you give someone like me?