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24 January 2025 | 6 replies
Multifamily rentals are a great way to achieve financial freedom, and it sounds like you’re on the right path.My advice?
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23 January 2025 | 3 replies
Next up is a huge financial hit: closing costs.
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30 January 2025 | 0 replies
It’s a great way to add value to a property without putting a ton of money upfront, and it can set you up for financial success in the long run.Has anyone else done a similar renovation project or used a gift of equity in their deals?
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12 February 2025 | 106 replies
Also post if you know something similar.Every investor comes from a different financial situation and has different financial goals and risk tolerance.
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13 February 2025 | 95 replies
I am saying be prepared to defend yourself financially as well as your reputation with those you might meet.
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31 January 2025 | 2 replies
Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor.
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7 February 2025 | 6 replies
•However, if your wife or her direct family members receive a financial benefit from the sale (e.g., inheritance distributions from the proceeds), the IRS may consider it a related-party transaction.3.Two-Year Holding Requirement•If the IRS deems this a related-party transaction, you’d need to hold the new property for at least two years before selling or exchanging it again to avoid disqualification.
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5 February 2025 | 7 replies
@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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22 January 2025 | 1 reply
🙌 I love your focus on helping others achieve financial freedom through real estate – that's what it's all about!
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19 February 2025 | 8 replies
@Michael Clardy Your decision should focus on tax efficiency and long-term financial goals.